M&A
XL Catlin to Acquire Australian Specialty Underwriting Agency Brooklyn
XL Catlin has announced plans to acquire Sydney-based Brooklyn Underwriting Pty Ltd. and Brooklyn IT Pty Ltd. from Paul Hines, their beneficial owner. The acquisition will be made by an indirect ...
AIG Unloads Stake in Lloyd’s Business; Strategic Relationship Remains
American International Group will sell off its 20 percent stake in the carrier's Lloyd's of London insurance operations – it's latest restructuring move. But the insurance giant will keep an ...
AXIS CEO May Pursue New M&A Target (Not PartnerRe)
Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief ...
Reinsurance Broker BMS Re Acquires Advocate Reinsurance Partners
BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. The company, which is the broking arm of Minova Insurance, ...
S&P Boosts Outlook for PartnerRe, Reassured by Its Hands-Off Owner EXOR
PartnerRe gets an outlook upgrade courtesy of Standard & Poor's, due in part to the ratings agency's admission that the reinsurer remains relatively autonomous from its new owner, EXOR. Standard ...
Ex-Chubb Exec to Run W.R. Berkley Corp.’s New Transactional Risk Division
A former Chubb executive will help run a new arm of W.R. Berkley Corp. Randolf Hein has been named president of the new Berkley Transactional, a fledgling division of Berkley Professional Liability ...
Report: Tokio Marine in Talks to Buy RHB’s General Insurance Arm
Tokio Marine Holdings Inc is in exclusive talks to buy RHB Bank's general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer's products through the Malaysian ...
Everest Re Closes $49M Sale of U.S. Crop Insurance Subsidiary
Everest Re Group has closed the sale of its U.S. crop insurance subsidiary, pocketing $49 million in the process. Plans for CGB Diversified Services to buy Heartland Crop Insurance were first ...