International
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 ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
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 ...
Canada P/C Giant Desjardins Seeks Acquisitions
Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada's big financial services firms, Chief ...
A Robust Start: Aon Benfield’s Take on Q1 Cat Bond Issuance
Catastrophe bond issuance made a robust start during the first quarter of 2017 with seven catastrophe bond transactions that totaled US$2.17 billion, according to a report from Aon Securities, the ...
The Latest Launches From Chubb and Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance rolled out its new Employment Practices Liability policy in Canada – part of a series of policies it offers there for executives. Chubb created a product ...
Will New Munich Re CEO Wenning Succeed With ‘Hard-Nosed’ Approach?
Joachim Wenning admitted he would not be to everyone's liking long before taking the helm of Germany's Munich Re. That hard-nosed approach could prove valuable as the 52-year-old tackles falling ...