Reinsurance
Japan’s Insurers Pushing For Significant Hike in Quake Insurance Premiums
Japan's insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase ...
$2.2B Sirius Sale Leaves S&P, A.M. Best and Fitch Both Wary & Cautious
Plans for White Mountains Insurance Group to sell Sirius International Insurance Group for $2.2 billion to a Chinese investment firm drew negative or cautious reactions from Standard & Poor's, ...
Higher Premiums Push SCOR’s Q2 Profit Higher By Double Digits
SCOR SE, France's largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar helped push up premium growth. Net income climbed to 152 million euros ($168 million) from 121 ...
AXIS Sees Q2 Income Drop, Driven by Investment Declines & Marine Losses
AXIS Capital Holdings Ltd. said its net income dropped during the 2015 second quarter versus a year ago, becoming the latest carrier adversely affected, in part, by a drop in investment income. High ...
W.R. Berkley Founder Will Pass CEO Slot to Son On Oct. 31, But Stay as Chairman
William R. Berkley is stepping down as CEO of W.R. Berkley Corp. on Oct. 31, putting into action in a long-discussed succession plan for his son, W. Robert Berkley, Jr. to replace him in the ...
W.R. Berkley’s CEO: M&A Trend Mostly Driven by ‘Management Ego’
W.R. Berkley Corp.'s outspoken chairman and CEO slammed the surge of M&A activity hitting the property/casualty industry in recent months as something driven more by "management ego" than true ...
Zurich Insurance Confirms Possible Bid For Rival RSA
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of ...
PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2
PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter ...