Reinsurance
EXOR Turns to SEC, Bermuda Lawsuit in Pursuit of PartnerRe
PartnerRe may be moving ahead on merger plans with AXIS Capital Holdings, but upstart bidder EXOR isn't going away quietly. The Italian investment firm disclosed that it is suing in a Bermuda court ...
Brazil May Sell Part of Stake in Latin American Reinsurer IRB
Brazil's government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin America, in a 4 billion-real ($1.3 billion) initial public offering, two ...
China Insurers Rush to Site of Capsized Ship on Yangtze River
PICC Property and Casualty Co Ltd, the insurer of a ship that capsized in China's Yangtze river on Monday, and other insurers have sent teams to the site to settle claims in connection with what ...
Climate Change Not Yet Boosting Atlantic Hurricane Activity: Karen Clark & Co.
Climate change may be ongoing, but it doesn't seem to have any measurable effect so far on North Atlantic hurricanes that drive cat market losses. The future, however, could be much more risky. ...
A.M. Best: Gross Written Reinsurance Premium Drops in London Market
Lloyd's gross written reinsurance premium dropped more than 5 percent from 2013 to 2014, underscoring the competitive threat to the London market posed by local and regional reinsurance hubs, A.M. ...
Alpha Natural Resources Seeking to Cover $400M in Mine Cleanup Liabilities
Alpha Natural Resources Inc no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 ...
PartnerRe’s Shareholders Will Vote July 24 on Proposed AXIS Capital Merger
PartnerRe set July 24 as the date that shareholders will vote on its proposed merger with AXIS Capital Holdings, months after both parties first announced their agreement. The milestone follows a ...
Ironshore Beefs Up Kidnap/Ransom Coverage For Latin America
Ironshore, soon to become part of Chinese conglomerate Fosun International, has beefed up its kidnap and ransom coverage for Latin America-based clients. The Bermuda specialty insurer is expanding ...