Reinsurance
Reinsurance M&A Won’t Solve Problems With Soft Market: S&P
While mergers and acquisitions in the global reinsurance sector have accelerated in recent months, consolidation won't adequately address falling prices and other competitive pressures, Standard ...
Two Other Lloyd’s of London Insurers Viewed as Takeover Targets
Lloyd's of London insurers Lancashire Holdings Plc and Novae Group Plc may be the next in line for takeover offers after Brit Plc became the second U.K. firm within weeks to agree to be acquired. ...
Insurers Risk Falling Behind in Financial Sector Technology Race
At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are ...
AIG CFO David Herzog: Congress Was ‘Wise’ to Renew TRIA
The property/casualty insurance industry was without a federal terrorism reinsurance program for about two weeks, between its expiration on Dec. 31, and long-awaited Congressional action to renew it ...RenRe Hopes to Close $1.9B Platinum Acquisition on March 2
RenaissanceRe Holdings expects to close its $1.9 billion cash-stock acquisition of Platinum Underwritings Holdings on March 2, assuming an upcoming shareholder vote goes its way. The Bermuda-based ...
Executives On The Move at Berkshire Hathaway Specialty, PCI and OdysseyRe
Berkshire Hathaway Specialty Insurance, OdysseyRe and the Property Casualty Insurers Association of America have each recently made new executive appointments. Here are the details: Berkshire ...
$5B is Magic Number for M&A Deals: Catlin CEO
Stephen Catlin, who is selling his Lloyd's of London insurer to XL Group Plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. "Anyone who has got a market value of ...
Aon Plc: U.S. Northeast Blizzard Left $500M in Economic Losses Behind
The Northeast U.S., including New York and Massachusetts, sustained at least $500 million in economic losses last month when a winter storm ripped through the region, Aon Plc said. The blizzard from ...