International
Cyclone Debbie, Other Weather Events Hammer Swiss Re’s Q1 Net Income
Swiss Re reported net income of $656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year. Swiss Re's Q1 result was hammered by expected ...
AIG’s Cost-Cutting Helped Lead to a Better-Than-Expected Q1
American International Group Inc., one of the largest U.S. insurers, reported better-than-expected first-quarter operating profit on Wednesday, helped by investment returns and cost cuts. AIG ...
EU Brexit Negotiator Takes Hard Line on Upcoming Talks
The European Union reinforced its hard-line approach to the looming Brexit negotiations, threatening to inflame mounting tensions with the U.K. over money and sovereignty even before talks begin. ...
Insurer Investors Stymied by Complex Solvency II Reporting Requirements: Willis Towers Watson
The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published ...
OneBeacon to be Acquired by Canada’s Intact Financial for $1.7B
Canada's largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will ...
Liberty Mutual Reorganizes Global Specialty Business After Closing $3B Ironshore Purchase
Liberty Mutual Insurance has closed its $3 billion acquisition of specialty lines insurer Ironshore Inc. from China's Fosun International, and will make some organizational changes to accommodate its ...
Q1 InsurTech Venture Funding Plunged, as Companies Advanced to Product Stage
InsurTech venture funding plunged 64 percent in the 2017 first quarter compared to the previous year, but the reason for the drop may actually be quite positive, according to a new Willis Towers ...
Markel Corp. Blames Ogden Rate Decrease for Disappointing Q1
Markel Corp's 2017 first quarter slumped in a major way, with a drop in net income and a rise in its overall combined ratio. The holding company for insurance, reinsurance and global investment ...