U.S.
KKR Buying Insurance Claims Firm Mitchell in $1B Deal
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy Mitchell International Inc., the first buyout by the firm's technology group since the head of the team ...
Reinsurers Expect Struggle to Boost Rates in Buyers’ Market
Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. "I expect the market staying flat to ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
American Family Insurance Expands Direct Channel; Acquiring Homesite Group for $616M
In a move it says will complement its strong agency distribution system, Madison, Wis.-based American Family Insurance announced Thursday that the carrier has agreed to acquire direct homeowners ...
Chinese Insurers Have $14 Billion to Buy Overseas Real Estate
Chinese insurers could spend about $14.4 billion on overseas commercial real estate, aided by a stronger local currency and easier regulations amid a limited supply of prime properties at home, CBRE ...
Reinsurers Could Face Pressure to Lower Rates Amid Capital Oversupply
Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, ...
Wells Media Launches Carrier Management Print Magazine
Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the ...Tooker to Replace Cholnoky as General Reinsurance President in 2014
John Cholnoky will retire as president of General Reinsurance Corp. during the first quarter of next year, the Stamford, Conn.-based reinsurer said. The company, which is owned by Berkshire Hathaway ...
S&P Calls Federal Lawsuit ‘Retaliation’ for U.S. Downgrade
Standard & Poor's said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in "retaliation" for its 2011 decision to strip the country of its "AAA" credit rating. The ...