Industry News
KKR Buying Insurance Claims Firm Mitchell in $1B Deal
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy Mitchell International Inc., the first buyout by the firm's technology group since the head of the team ...
Reinsurers Expect Struggle to Boost Rates in Buyers’ Market
Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. "I expect the market staying flat to ...
Disagreement on Business Targets Preceded Zurich CFO’s Suicide
On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to finalise the ...
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.8B for 2013 First Half
The Reinsurance Association of America (RAA)'s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.8 billion net income in aggregate for the first six months of 2013—an ...
Re Market ‘Past Convergence’ With Capital Over Half-A-Trillion
Global reinsurer capital, which had reached a peak of $515 billion at the end of first-quarter 2013, still stood above the half-trillion mark at June 30, dropping slightly to $510 billion, according ...
The Geneva Association Launches New Brand
After 40 years of making its mark on the insurance industry with research and analysis for industry leaders, international insurance think tank The Geneva Association has today adopted a new brand ...
Lloyd’s Chairman Nelson: Investment Boom Puts Insurance At Risk
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from ...
American Family Insurance Expands Direct Channel; Acquiring Homesite Group for $616M
In a move it says will complement its strong agency distribution system, Madison, Wis.-based American Family Insurance announced Thursday that the carrier has agreed to acquire direct homeowners ...