Global Economy
Enstar Debuts KaylaRe, a Reinsurer Focused on Specialty Coverage
KaylaRe is hitting the market, a new carrier focused on global specialty reinsurance coverage backed largely by Enstar. The Class 4, Bermuda-based reinsurer debuts with $620 million in capital, $300 ...
Fitch Places Allied World’s Financial Strength Status on Rating Watch Negative
Fairfax Financial may see huge possibilities in its $4.9 billion agreement to buy Allied World Assurance Co., but Fitch Ratings is responding cautiously to the news. Fitch placed Allied World's 'A+' ...
A $4.9B Allied World Buy Means Watsa’s Fairfax Is Betting on Trump
Prem Watsa, the Canadian investor who just agreed to buy a Swiss company in his largest deal, called the $4.9 billion agreement a bet on U.S. growth under President-elect Donald Trump. The purchase ...
Bosch Will Reportedly Pay $300M to Settle U.S. VW Diesel Claims
German auto supplier Robert Bosch GmbH is expected to settle a lawsuit filed by U.S. owners related to the Volkswagen pollution scandal for more than $300 million, a source briefed on the matter said ...2017 Predictions Part I: Brexit Opportunities and More M&A to Come
M&A and Brexit will be major factors for the global insurance/reinsurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & ...
Watsa’s Fairfax Will Snatch Up Allied World in $4.9B Deal
Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa's largest purchase. Fairfax will pay $54 per ...
XL Catlin Invests $4M in a Swiss InsurTech Microinsurance Startup
XL Catlin's investment arm committed $4 million in first-round financing to Stonestep, a property/casualty InsurTech startup looking to streamline how microinsurance is sold in emerging markets. The ...
Executives On The Move at Aspen, Guy Carpenter and More
Aspen Insurance Holdings promoted an executive to the newly-created role of Group Chief Operating Officer. Guy Carpenter & Co. appointed a veteran executive to the newly-created role of ...