Reinsurance
Canopius Brings on Ironshore Vet to Lead U.S. Direct Property Growth
Canopius Group Ltd., a global specialty reinsurer, is pursuing U.S. expansion in the direct property sector, and it brought on an Ironshore veteran to get the job done. The company, owned by Japanese ...
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
Post-Blizzard, Costs Are Mounting as New England Digs Out
Millions in the U.S. Northeast on Wednesday started digging out from a powerful blizzard that dumped up to 3 feet of snow and led to coastal flooding around parts the region, while largely bypassing ...
Fitch Ratings: Bermuda Reinsurers Adapting To a Tough 2015 Ahead
Merger-mania may be accelerating among property/casualty reinsurers. But as Fitch Ratings sees it, the Bermuda market in 2015 is adapting in the face of heavy competition, alternate sources of ...
MA, RI and ME Still Face Blizzard Conditions As Storm Continues
A U.S. blizzard swept past New York City and struck hardest at some 4.5 million people around Boston, dropping nearly three feet of snow in areas and triggering high tides that breached a seawall and ...
As Reinsurance M&A Accelerates, Who Are The Next Targets?
Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy. Axis Capital Holdings Ltd.'s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of ...
S&P, A.M. Best Voice Caution over $11B AXIS/PartnerRe Merger Plan
AXIS Capital Holdings Ltd. and PartnerRe Ltd's plan to merge in a massive $11 billion deal is drawing a cautious response from insurance ratings agencies and analysts. Standard & Poor's said on ...
AXIS CEO: More Deals Possible After Merger With PartnerRe
The creation of one of the world's largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.'s combination without taking on debt will ...