Industry News
Workers Comp Insurers Post First Underwriting Profit Since 2006
U.S. workers compensation insurers, a group led by Travelers Cos. and Hartford Financial Services Group Inc., posted their first underwriting profit since 2006, helping the industry counter lower ...
AXA to Acquire SulAmérica’s Commercial Lines Unit
AXA has agreed to acquire 100 percent of with SulAmérica SA's large industrial and commercial risks insurance subsidiary, SulAmérica Companhia de Seguros Gerais, for 135 million Brazilian real ...
AXA Chief Outlines Climate Strategy
AXA Chairman and CEO Henri de Castries spoke at Climate Finance Day on May 22 in Paris. The following are his remarks in which he discusses what climate change means for the insurance industry as ...
Insurer AXA Joins Coal Divestment Movement Over Climate Change Risk
France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. AXA ...
Activist Hedge Fund Slams PartnerRe Board for Rejecting EXOR Bid
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, said PartnerRe Ltd. directors hurt shareholders by pushing a merger with AXIS Capital Holdings Ltd. rather than talks ...
AEGIS London’s Managing Director Moves to Canopius as Group CEO
AEGIS London announced last week that Stuart Davies, the company's managing director, has resigned to take up the group CEO role at Canopius. At Canopius, Davies succeeds Michael Watson who remains ...
Beazley Launches New Risk Management Website
Specialty insurer Beazley on Friday announced the launch of a new risk management website, www.beazleybreachsolutions.com, that gives Beazley Breach Response (BBR) policyholders a wealth of tools and ...
PartnerRe to EXOR: Original M&A Deal With AXIS is Moving Ahead
PartnerRe has decided to seek shareholder approval of its original merger agreement with AXIS Capital, following EXOR's de facto rejection of an offer to meet and discuss its own, unsolicited bid. ...