International
Aon Completes $475M Agreement to Acquire The Townsend Group
Insurance brokerage and consultant Aon has completed its $475 million acquisition of The Townsend Group, a global investment management and advisory services firm focused on real estate and real ...
Widespread Reinsurance Price Hikes Unlikely Even After Record 2017 Catastrophe Losses: Willis Re
The estimated $136 billion in catastrophe loss estimates for 2017 is one for the record books. But resulting, widespread reinsurance price hikes in 2018 aren't likely, Willis Re said in a new report. ...
UK Official Warns EU Can’t ‘Cherry Pick’ Post-Brexit Trade Deal
The European Union can't pick and choose which bits of its economic relationship with Britain it maintains and which it eliminates in any future trade deal, U.K. Brexit Secretary David Davis said, ...
QBE Settles Australia Class Action Suit Over Profit Warning for $103.2M
QBE Insurance Group Ltd. has agreed to pay $103.2 million to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the ...
China’s Fosun Group Turns to Local M&A; $3B in New Bonds Reportedly Planned
Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments ...
Watsa’s Fairfax Financial Closes $1.6B Sale of Singapore Insurer to Mitsui Sumitomo
Fairfax Financial Holdings said it has successfully sold off a Singapore insurer it owned to Japan's Mitsui Sumitomo Insurance Company for $1.6 billion. The deal between the Toronto, Canada-based P/C ...
Carrier Management’s Top 10 News Stories of 2017
Carrier Management's top 10 2017 news stories involved some interesting industry developments. AmTrust had some accounting issues, since resolved, that drew significant reader interest. Former AIG ...
Executives On The Move at Travelers and Ironshore
Travelers' European arm named a new head of its wholly owned platform in the Lloyd's insurance market. A former Liberty Mutual executive is Ironshore Inc.'s new Branch Executive for the Dallas ...