International
AXIS $611.5M Acquisition of Novae to Close by Mid-October
AXIS Capital Holdings Ltd. expects to complete its acquisition of Novae Group plc by mid-October. European Commission approval of the $611.5 million transaction is expected no later than Oct. 18, the ...
Iron-Excess Forms; MGA Is Based on Iron-Starr Excess Agency Model
Using a Bermuda joint venture between Ironshore and C.V. Starr & Company as a model, Ironshore announced the launch of Iron-Excess on Monday. Ironshore, a Liberty Mutual company, describes ...
U.S. and EU Sign Covered Agreement on Insurance Regulation
The United States and European Union signed a bilateral agreement on prudential insurance and reinsurance measures on Friday. Both sides announced in July their intention to sign the agreement, also ...
Russian Reinsurer Seeks Expansion into China, India, Middle East, Africa
Russian National Reinsurance Company (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. ...
UK PM May Pursues Brexit Strategy Reboot With Transition Period Request
U.K. Prime Minister Theresa May will reboot her Brexit strategy on Friday by proposing a period of transition after the split with the European Union even if that means continuing to send money to ...
Global Reinsurers Pummeled by Storms, Quakes
A profit warning from one of the world's largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the ...
Executives On The Move at The Hartford, Starr Companies and JLT Specialty USA
The Hartford has a new treasurer. Starr Companies promoted an executive in its Domestic Accident & Health division. JLT Specialty USA named a new director. *** Sabra Purtill is The Hartford's new ...
Fitch’s Hurricane Irma Insured Loss Estimate Hovers Between $25B-$50B
Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on a number of estimates, according to a report from Fitch Ratings. Fitch's calculation ...