International
Catlin CEO Wins Insurance Hall of Fame Award
Stephen Catlin, Chief Executive of Catlin Group Limited, will be the 2015 Insurance Hall of Fame Award recipient, the International Insurance Society ('IIS') has announced. The Insurance Hall of Fame ...
XL Group CEO Confirms M&A Talks with Rival Catlin
XL Group plc has confirmed that it is in preliminary discussions focused on potentially acquiring rival Catlin. If an M&A agreement comes together, it would be a major consolidation move in the ...
Fairfax to Acquire QBE’s Czech, Hungarian and Slovakian Operations
Fairfax Financial Holdings Ltd. has entered into an agreement to purchase QBE Insurance (Europe) Ltd.'s insurance operations in the Czech Republic, Hungary and Slovakia. Terms of the transaction were ...
Sony Pictures Enlists Employees to Screen for Stolen Data Use
Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information. In what is ...
Insurance Tech Companies Majesco and Cover-All Plan to Merge
Insurance tech-company Cover-All Technologies plans to merge with rival Majesco, a deal that will create an operation with $100 million in annual revenue and a global reach. Majesco (formerly ...
China Insurance Broker Expands Employee Share Issue
China-based insurance broker CNinsure Inc. said it is boosting a new share issue to employees. The independent insurance intermediary company said it is expanding the issue from up to 100 million to ...
Aon Benfield Cites 2014 as Record for Property Catastrophe Bond Issuance
Total property catastrophe bond issuance for 2014 stood at $8.03 billion as of Dec. 12, a new record for annual insurance-linked securities, Aon Benfield Securities said. That new milestone hit with ...
China Reportedly Launching $6.5B Trust Insurance Fund
A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing ...