Reinsurance
AXIS and PartnerRe Delay Merger Shareholder Vote to Mull Deal Sweetener
PartnerRe and AXIS Capital Holdings are postponing a shareholder vote on their $6.2 billion merger deal for two weeks as they contemplate enhancing the offer to fend off an unsolicited bid. Italian ...
Guy Carpenter: July 1 Re Renewals Display More Moderate Decline
July 1 reinsurance renewals show continued price declines, but the downward trend moderated, especially for U.S. wind-exposed programs, Guy Carpenter said in its latest briefing. The Marsh & ...
Report: AXIS, PartnerRe May Sweeten Their $6.2B Merger Agreement
Reinsurers AXIS Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by EXOR SpA, people ...
Munich Re America Teaming Up With Robotics Firm on Autonomous Vehicle Feasibility Study
Munich Reinsurance America announced Wednesday that it is teaming up with Comet, a developer of ground mobile robotics pilot projects, to conduct a feasibility study focused on autonomous vehicle ...
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 ...