M&A
Fitch Ratings Sees More Reinsurance M&A Ahead; S&P Questions the Benefits
Two acquisition deals in recent days may point to a resurgence in reinsurance M&A in the coming months, Fitch Ratings said. But Standard & Poor's said the benefits of more deals may be a ...
Execs to stay at Endurance After SOMPO Completes Acquisition, Pleasing S&P
Japan's SOMPO Holdings Inc.'s may be snatching up up Endurance Specialty Holdings Ltd. in a $6.3 billion deal, but executives plan to remain with the acquired company, and Standard & Poor's sees ...
SOMPO to Grab Endurance for $6.3 Billion in International Expansion Move
SOMPO Holdings Inc. agreed to buy Bermuda-based insurer Endurance Specialty Holdings Ltd. for about $6.3 billion, the company's biggest acquisition as it expands further outside of Japan. The ...
AXA CEO Reportedly Denies Plans to Merge With Large Rivals
French insurer AXA has no plans to merge with large rivals, its chief executive told a German newspaper, responding to recent speculation about a possible takeover of Italian peer Generali. "That ...
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, ...