Reinsurance
French Reinsurer SCOR Turns Back Investor’s $9.6B Takeover Bid, Tickling Shareholders
French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it's still interested in pursuing a deal. Scor shares ...
Munich Re Will Buy an IoT Startup Focused on Business Clients’ Digital Needs
Munich Re said it will acquire relayr, an Internet of Things-focused software company the reinsurer claimed is valued at $300 million. The acquisition is taking place through Munich Re subsidiary ...
Executives On The Move at Allianz and Everest Insurance
Allianz picked a new leader for its European direct business. Everest Insurance named a Lloyd's veteran to be head of its international division. *** Allianz named Bart Schlatmann as CEO of its ...
Markel’s Plans to Snatch Up Nephila Holdings Will Give It a Dominant ILS Market Stake
Specialty insurer Markel Corp. will acquire Nephila Holdings, a standalone insurance-linked securities manager. Plans call for closing the deal, pending regulatory approvals, in the 2018 fourth ...
The 2018 Atlantic Hurricane Season: Still Unusually Quiet
Where are all the big Atlantic storms? A year ago, Hurricane Harvey made landfall in Texas, kicking off a parade of destructive storms that made 2017 the costliest Atlantic season ever. So far in ...
Zurich Insurance Begins Competition to Find Cutting-Edge InsurTech Collaborators
Zurich Insurance Group believes a competition will help it find cutting-edge startups and entrepreneurs with whom to collaborate in the InsurTech space. The Swiss insurer launched what it is calling ...
Executives On The Move at Munich Re, PartnerRe and QBE North America
A unit of Munich Re added two new executives to its underwriting team. PartnerRe Ltd. announced a number of personnel changes for its board of directors. QBE North America appointed an executive to a ...
German Regulator Backs Post-Brexit Insurance Contract Fix
European Union and U.K. authorities must agree on a political solution to the threat Brexit poses to trillions of dollars in derivatives and insurance contracts, according to Germany's top financial ...