M&A News
PartnerRe Names President; Acquirer EXOR Approves
PartnerRe, in the process of being acquired by the Italian investment firm EXOR, has had an interim leader for months. The Bermuda-based reinsurer has finally addressed this, naming a new president ...
Tier 1 Reinsurers More Resilient than Smaller Firms in Current Market: Fitch
Major tier 1 reinsurers stand to benefit most from a changing reinsurance market and mounting competitive pressures, while small monoline companies will be the hardest hit, according to a reinsurance ...
Report: Zurich Pulling Together $8.4B Financing For RSA Bid
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, ...
S&P, Fitch Differ on Whether Reinsurance Price Declines Are Moderating
Two of the P/C industry's ratings entities – Fitch and Standard & Poor's – differ as to whether they see a moderation of ongoing reinsurance price declines. Fitch sees the downward trend ...
S&P: Reinsurance M&A Will Follow Berkshire Hathaway Model
Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor's asserted in a new industry report. The ratings entity said that the ...
Investors Doubt Zurich’s Tentative $8.8B Offer for RSA Will Happen
Zurich Insurance Group AG's announcement that it's considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group Plc is leaving investors in doubt that the takeover will happen at that ...
Zurich Insurance Makes Conditional $8.8B Offer For RSA
RSA Insurance Group Plc rose in London after Switzerland's Zurich Insurance Group AG made a conditional offer to buy the company for about 5.6 billion pounds ($8.8 billion). The shares increased 4.8 ...
Lloyd’s of London Insurer Amlin Denies Rumors It is For Sale
Amlin Plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd's of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. "We are not ...