Assets & Investments
Reinsurance Industry Could Attract $100B in New Capital: Aon
The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc. ...
Global Insurance M&A Activity at Four-Year Low: Clyde & Co.
Global merger and acquisition activity among insurers dropped 29 percent in the year through June as falling pricing and lower investment returns tempered demand, according to law firm Clyde & ...
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 ...
Disagreement on Business Targets Preceded Zurich CFO’s Suicide
On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to finalise the ...
Lloyd’s Chairman Nelson: Investment Boom Puts Insurance At Risk
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from ...
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 ...
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 ...
London Insurance Tower Probed for Car-Melting Light Beam
The owners of the 37-story tower known as the Walkie Talkie in the City of London financial district are investigating a light beam cast by the building that's so intense it melted parked cars. Land ...