Industry News
KPMG: More Insurance Execs Are Mulling M&A Activity
An increasing number of insurers are mulling M&A activity or strategic acquisitions of specific lines of business in the months ahead, a new KPMG report concluded. Concerns about new regulations ...
AIG to Pay $305M for Ageas’ U.K. Life Protection Insurance Arm
American International Group said it will pay $305 million for the U.K. life protection insurance division of Belgium's Ageas Group. Assuming regulators sign off on the deal to by Ageas Protect Ltd, ...
Endurance’s Earnings Call Includes Barely a Mention of Failed M&A Deal
Endurance Specialty Holdings Ltd. Chairman and CEO John Charman barely addressed the company's three-month, failed attempted to buy Bermuda reinsurance rival Aspen Insurance Holdings during a 2014 ...
The Hartford’s Former Leader Reflects on Turnaround
The Hartford Financial Services Group's Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year's shareholder meeting, spoke about the company's ...
AIG’s CEO Passes the Torch; His Successor Pledges Continuity
American International Group President and CEO Robert Benmosche got a bit sentimental about the company's post-financial crisis turnaround during his last investor earnings call on Aug. 5. He also ...
Brazilian Investment Bank, Abu Dhabi Fund Partner on Ariel Re Takeover
Grupo BTG Pactual, Brazil's only publicly traded independent investment bank, is partnering with shareholder Abu Dhabi Investment Council to expand its reinsurance business, said Chief Executive ...AIG Exceeds Expectations for Q2 in Benmosche’s Swan Song
American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across all its key businesses, and the insurer said it would ...
Veteran Citigroup, J.P. Morgan Exec Joins XL Group’s Board
XL Group is adding a former Citigroup Inc. and J.P. Morgan & Co. Inc. executive to its board of directors, an interesting reach by the property/casualty insurer and reinsurer for some banking ...