Reinsurance
AIG to Sell Validus Re to RenRe in $3B Deal
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during ...
Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group
Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged "unlawful raid" of senior leaders and other employees of Aon's facultative ...
Third Point’s Loeb Won’t Take SiriusPoint Private
Billionaire investor Daniel Loeb is no longer exploring a potential acquisition of SiriusPoint Ltd SPNT.N, according to a regulatory filing on Friday, a month after disclosing his interest in taking ...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re
While the January reinsurance renewals proved to be the toughest and most grueling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much ...
Jain Talks Reinsurance: Berkshire Could Lose $15B in Florida
While the leader of Berkshire Hathaway's insurance operations described Jan. 1 property-catastrophe reinsurance pricing as disappointing, the "day in the sun" came at April 1, allowing Berkshire to ...
Canopius Has Management Shake-Up With 3 Execs Exiting
Canopius Group, the London-based global specialty re/insurer, has had a management shake-up, with three executives exiting the company.
Wait ‘Til Next Year: Auto Profit Unlikely to Return in ’23, S&P Says
In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...
Florida State-Run Reinsurance Plan a Bust? Only Three Sign On
After five years of tweaks to Florida's insurance and tort laws, all designed to reduce the vast amount of claims litigation and – eventually – bring down property ...
Resolute Global Partners Launches New Type of Reinsurance Contract
Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of "Footprint," a new type of reinsurance contract, which ...