International
Watsa’s Fairfax Will Snatch Up Allied World in $4.9B Deal
Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa's largest purchase. Fairfax will pay $54 per ...
XL Catlin Invests $4M in a Swiss InsurTech Microinsurance Startup
XL Catlin's investment arm committed $4 million in first-round financing to Stonestep, a property/casualty InsurTech startup looking to streamline how microinsurance is sold in emerging markets. The ...
Executives On The Move at Aspen, Guy Carpenter and More
Aspen Insurance Holdings promoted an executive to the newly-created role of Group Chief Operating Officer. Guy Carpenter & Co. appointed a veteran executive to the newly-created role of ...
Allianz Reportedly May Bid for Generali’s French Business
Allianz SE, Europe's largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company's French operations, according to people familiar with the matter. Allianz ...
Dwindling Investment Returns, Heavy Competition Erode Insurance Industry Fundamentals
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled ...
Two Insurance-Related Risk Services Companies Make Acquisitions
Two companies that provide various services and products in insurance-related areas including risk management compliance and claims have made acquisitions. The first, Origami Risk in Chicago, said it ...
Insured Disaster-Related Losses Hit $49B in 2016, Well Above 2015 Levels
Insured losses from disaster events around the world cost $49 billion in 2016, a 33 percent jump over 2015. Much of the cost stemmed from Hurricane Matthew, earthquakes, hail and thunderstorms, ...
Brexit Fallout: More Global Insurers Considering European HQ Move to Ireland
A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country's vote to leave the European ...