reinsurance News
EU Offers Britain Post-Brexit Trade Deal Far Short of May’s Wishes
The EU on Wednesday offered Britain a free trade deal for their post-Brexit ties that fell well short of ambitions set out by Prime Minister Theresa May last week, notably for the country's dominant ...
Global Insurers Flock to Luxembourg, Prepping for Post-Brexit Operations
More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country's financial development agency said on Thursday, linking the ...
Brexit Talks at Risk as May Rejects EU Draft Divorce Deal
The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the ...
Hurricanes, Wildfires End Berkshire Hathaway’s 14 Consecutive Years of Underwriting Profit
Buffett, 87, Also Offered Few New Hints About His Succession Plans Warren Buffett's Berkshire Hathaway's combination of insurance entities have recorded 14 consecutive years of underwriting profit ...
Swiss Re CEO Mumenthaler Sees Value in Adding Anchor Shareholder
Swiss Re AG's chief said the reinsurer would welcome an anchor investor after being approached by billionaire Masayoshi Son's SoftBank Group Corp. In a business where results can change radically ...
AXIS’ A.M. Best Outlooks Revised to Negative; Struggling Insurance Arm Blamed
AXIS Capital Holdings' money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based carrier to negative from stable, based largely on its ...
Prudential Financial Will Buy 13.1% Stake in Peak Re
Prudential Financial is buying a 13.1 percent stake in Hong Kong-based reinsurer Peak Reinsurance Co. Ltd. The deal is taking place through a wholly owned subsidiary of Prudential Financial Inc. ...
Brexit Risks Making London Lose Ground to New York as Global Financial Center
The U.K.'s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world's leading financial centers, Bundesbank Executive Board Member ...