Specialty
Proposed Solvency Rules Give Lloyd’s, Other British Insurers Key Exemption
Britain's biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union ...
JLT Specialty USA Adds Marine Specialty Practice
JLT Specialty USA, part of Jardine Lloyd Thompson Group plc, has added a marine specialty practice. The new practice is part of JLT Specialty USA's strategy of expanding its U.S. capabilities and ...
PartnerRe Shareholders Agree to EXOR’s Planned $6.9B Acquisition
PartnerRe's shareholders OK'd EXOR's planned $6.9 billion acquisition of the Bermuda-based reinsurer, clearing the way for the deal to close in the 2016 first quarter. The affirmative vote, held on ...
Willis Boosts Towers Watson Merger Offer to $8.9B
Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm's investors said that a ...
Everest Re’s Specialty Insurance Arm Forms Strategic Alliance With AEGIS
Everest Re Group, Ltd. said its U.S. primary specialty insurer has sealed up a new partnership designed to boost coverages in the utility and related energy industry. Specifically, Everest National ...
Raised M&A Offer Possible as Willis/Towers Watson Adjourn Shareholder Merger Votes for 2 Days
Towers Watson & Co said it adjourned a shareholder meeting on Wednesday after failing to muster enough support for its $18 billion merger with insurance broker Willis Group Holdings in a move ...
European Insurers Hit with Highest Tianjin Explosion Losses
Insurer Talanx AG's $122 million loss from port explosions at Tianjin, one of China's worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to ...
XL Catlin Maintains Positive Fitch Ratings Assessment
Fitch Ratings remains cautious optimistic about XL Group, corporate parent of the newly merged XL Catlin, maintaining it previous positive assessment of the global insurer and reinsurer. Fitch said ...