Industry News
Zurich Insurance Confirms Possible Bid For Rival RSA
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of ...Hartford’s Profit Beats Estimates, Share Buyback Grows
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, increased its share buyback by $1.6 billion and raised the dividend 17 percent as ...
ACE Unveils Post-Chubb Merger North American Management Team
ACE may have announced plans to acquire Chubb for $28 billion only a few weeks ago, but it has already designated a post-merger leadership team for the North American Insurance operations of the ...
PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2
PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter ...
Ironshore to Offer Umbrella Program for High Value Homeowners
Ironshore Personal Lines announced Monday that it will offer a new umbrella program for high-net-worth homeowners—those with properties valued in excess of $1 million—as complementary liability ...
White Mountains Sells Reinsurer Sirius to China Minsheng Investment for $2.2B
White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of Shanghai-based China Minsheng Investment Corp. (CMI). The price for ...
ACE Moves to Larger Singapore Space as Asia Expansion Continues
ACE Group said it moved to larger space in Singapore to help facilitate continued expansion in the Asia Pacific Region. Specifically, ACE's new operations entail 38,500 square feet housing more than ...
Most Western, Middle East Insurers See Iran As Attractive Market
Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be ...