Reinsurance
AXA’s Planned XL Group Acquisition Gains XL Shareholder Approval
Insurer XL Group's shareholders have approved an agreement for AXA to acquire 100 percent of XL Group. Total consideration for the planned acquisition would amount to approximately $15.3 billion, to ...
New York, Boston Experience Record Days With Coastal Flooding, Due to Storm-Fueled Tides
New York and Boston experienced a record number of days with coastal flooding in the last year as waters surged time and again more than 1 foot (31 centimeters) above normal high tide levels. New ...
PartnerRe Acquires Canadian Predictive Analytics Company
PartnerRe Ltd. disclosed it has acquired Claim Analytics, a Canadian-based company focused on predictive analytics products and services for insurers. Financial terms were not disclosed. The ...
Disaster Response Elicits Far Greater Spending Than Risk Reduction: Zurich Insurance
In the wake of last year's unusually harsh catastrophe events, insurers' clients are playing catch-up with their disaster risk management strategies, Zurich Insurance concluded in a new report. ...
UK Political Battle Brewing That Could Drastically Alter Brexit
Twelve rebel Conservatives have signed an amendment calling for the U.K. to stay in the Europe Union's single market, edging toward a common front with the main opposition Labour Party that could ...
Tokyo, New York, Top Lloyd’s List of Cities Facing the Most Risks
Tokyo is the global city facing most risks to its annual economic output, due to its proximity to North Korea, according to an index compiled by the Lloyd's of London insurance market. New York ranks ...
Post-Brexit UK Will Keep Focus on Financial Services: Govt. Minister
Financial services will remain a "guiding light" for Britain's economy after Brexit and there is no intention to "rip up the rulebook" to compete better as a top financial center, a government ...
Executives On The Move at XL Catlin, BHSI, Munich Re and Guy Carpenter
XL Catlin announced two new executive appointments. Berkshire Hathaway Specialty Insurance has a new leader for its Australasia unit. Munich Re America appointed a rising executive to a newly created ...