consolidation Archives - Page 3 of 3

Allianz CEO Has $3.2B to Use for M&A. Will He?

Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a ...

OneBeacon Is Reportedly Soliciting Offers From Rival Insurers

OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently ...

AIG CEO Reportedly Warns Staff Lifetime Employment Is Not Guaranteed

American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can't all count on lifetime ...

Fitch: Medical Professional Liability Insurance Continues Downward Slide

Medical professional liability insurance for the U.S. property/casualty industry continued its years-long decline in 2014 in terms of net written premium volume, hammered by everything from worsening ...

Industry Consolidation: Too Fast for Some

There are many reasonable and compelling factors driving the ongoing consolidation of the property/casualty insurance industry, from a sheer overabundance of capital to an overwhelming need to reduce ...

Catlin’s Merger Driver: ‘A Duty of Care’

FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2015 The unexpected combination of XL Group and Catlin came after two years of trust-building communication between the leaders of the ...