Reinsurance
China Monsoon Economic Loss Near $4B: Aon Benfield
Impact Forecasting, Aon Benfield's catastrophe model development team, reported June figures for catastrophe losses on opposite sides of the global, with China monsoon losses coming in highest at ...
U.S. Power Grid Attack Could Cause $70B Insurance Losses: Lloyd’s Report
A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water ...
W.R. Berkley Forms Colombia Unit; ACE Names Philippines Executive
W.R. Berkley Corp. announced the formation of Berkley International Seguros Colombia S.A., which it said would sell construction all risk, surety, general liability, directors and officers liability, ...
Pacific El Niño Turbocharged by Tropical Cyclones
The El Niño forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming that's evoking ...
EXOR Plans to Promote from Within For PartnerRe CEO; Revises Deal Terms
John Elkann, who is offering $6.8 billion for a company that doesn't have a permanent chief executive officer, plans to find a leader internally at PartnerRe Ltd. if he wins the bidding for the ...
SNL’s Top 15 Reinsurers: M&A Fails to Push Europeans Out of Leader Spots
SNL Financial published a list of the top 15 global reinsurers last week, showing the major European reinsurers in the top four spots. The ranking is based on 2014 assumed reinsurance premiums for ...
EXOR Deal Better for PartnerRe Than AXIS, Says Former CEO Thiele
PartnerRe Ltd.'s former Chief Executive Officer Patrick Thiele said the reinsurer's shareholders should vote against a planned merger with AXIS Capital Holdings Ltd. and called the cash offer from ...
How They Stack Up: Analysis of Chubb’s Future Position in P/C Product Lines
Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of Fireman's Fund from Allianz, competing against Chubb, which holds the leading position ...