Specialty
EXOR to Buy PartnerRe for $6.9B; AXIS Gets $315M Breakup Fee
PartnerRe, after fighting for months against an unsolicited bid from the Italian investment firm EXOR, has finally relented, agreeing to its overtures to buy the Bermuda-based reinsurer for $6.9 ...
Is Climate Change Now Its Own Industry?
Interest in climate change is becoming an increasingly powerful economic driver, so much so that some see it as an industry in itself whose growth is driven in large part by policymaking. The $1.5 ...
Public-Private Catastrophe Plan Could Boost UK’s Cyber Risk Resilience: Study
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK's resilience against the growing threat of cyber risks in this interconnected world, according to a recently-released ...
OneBeacon Exits Crop Insurance Business
OneBeacon Insurance Group is getting out of the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – ...
Zurich Insurance Reportedly Raising Financing For Possible RSA Takeover Offer
Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group that could come as early as next week, according to people familiar with the matter. The ...
A.M. Best, Blaming Fosun Merger, Places Ironshore Under Review With Negative Implications
Plans for Ironshore Inc. to be fully absorbed by China's Fosun International Ltd. in a $1.84 billion merger have caught the eye of A.M. Best, which is placing the Bermuda-based insurer under review ...
Cyber Attacks Escalate in Asia, But Secrecy Prevails
Once a month, cyber security lawyer Paul Haswell gets a call from an Asian company with the same question: We've been hacked. Who do we need to tell? More often than not, his answer is "no one." The ...
The Hanover Launches Business Cyber Attack Coverage; Q2 Net Income Soars
The Hanover Insurance Group is targeting small to mid-sized businesses with new coverage options designed to protect them from data breaches and cyber attacks. These are enhancements for business ...