International
Swiss Re Predicts SofBank Stake in Reinsurer Won’t Exceed 10%
Billionaire Masayoshi Son's SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss ...
Cat Bond Issuance Goes Largely Global in Q1:PCS/Verisk
Catastrophe bond issuance for the 2018 first quarter soared to a new record, landing much higher than the previous year. The transactions have also gone largely international, according to a new ...
April Reinsurance Renewals Continue Flat Pricing Trends: Willis Re Report
Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a new Willis Re ...
The Latest Launches From Everest Re and AIG’s Travel Guard
Everest Re Group is now offering a broad cyber insurance policy that provides risk mitigation/remediation services to companies in multiple industries. A division of AIG has launched in Canada a form ...
Hanover Insurance Considers ‘Possible Sale’ of London Specialty Unit Chaucer
The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it "is ...
Swiss Re Stock Soars on Rumors That $9.6B SoftBank Investment Getting Closer
Swiss Re AG jumped after people familiar with the matter said Japan's SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ...
Brexit Will Move 5,000 UK Finance Jobs, Half of Earlier Projections: Reuters Survey
The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of ...
The Latest Launches From XL Catlin, Validus and Tokio Marine Kiln
XL Catlin and RedSeal have a new resilience measure designed to gauge risk and improve cybersecurity and insurance terms. Validus Specialty Underwriting Services Inc. and a new partner are offering ...