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Financial Management

Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • May 2015

    Hedge fund scolds PartnerRe board 22 May 2015

    PartnerRe shareholder Sandell Asset Management has written to the reinsurer's board urging it to recognise the superiority of Exor's bid over the proposed Axis merger.

  • PartnerRe board repudiates Exor criticisms 22 May 2015

    PartnerRe said Exor had, “effectively rejected our board’s good faith offer …to engage in discussions on price and other terms,” in response to Exor’s criticism of how its attempted acquisition has been handled by Partner Re.

  • Meeting set to approve Monteplier Re deal 22 May 2015

    Montpelier Re has set the date for the Special General Meeting that is expected to approve the reinsurer's acquisition by Endurance Specialty

  • Exor urges PartnerRe to recognise “superior offer” 21 May 2015

    Exor has asked the PartnerRe board to acknowledge that its offer will likely be superior to Axis' before it enters into negotiations with the company.

  • Bajaj Allianz, 49% for Allianz? 21 May 2015

    India's Bajaj has said that it is willing to sell down its 74% stake in the two Bajaj Allianz joint ventures, but cannot confirm whether Allianz will be increasing its stake to 49%.

  • Alleghany TransRe sale rumours 21 May 2015

    A report that Alleghany had been approached about a possible $6bn-plus sale of Transatlantic Holdings boosted the New York holding company's share price by more than 3%

  • Zurich targets further cost savings 21 May 2015

    Zurich Insurance Group will implement cost savings to ensure it reaches its return on equity target of 12% to 14% for 2014-2016.

  • Strong Q1 investment return at Amlin 21 May 2015

    London-listed re/insurer Amlin has reported a strong start to the year, despite declines in reinsurance and energy rates.

  • PartnerRe board rejects Exor mischaracterisation 20 May 2015

    PartnerRe's board has written a strongly worded letter to its shareholders to argue against how it has been characterised by Italian investment firm Exor.

  • PartnerRe rejects new Exor offer but will negotiate 20 May 2015

    The board of reinsurer PartnerRe has said that Exor's latest bid of $137.50 per share is not enough for the Bermudian reinsurer, but has kept the door open to negotiate further on a potential deal.

  • Insurance Europe warns on proposed capital rules 20 May 2015

    Industry lobby group Insurance Europe has warned the EC that proposed capital charges under Solvency II could work against the very investments that the EC wants to encourage.

  • United India hit by HuhHud 20 May 2015

    United India experienced a fall in profits for the financial year to March 31 2015, following severe floods in one state and cyclone HudHud in Andra Pradesh.

  • Vienna Insurance has 46% 2014 profit boost 19 May 2015

    A 46% pre-tax profit increase was reported for Vienna Insurance Group in 2014 with €178m out of a total of €518.4m profits coming from the Austrian insurer's Czech Republic operation.

  • Big three results defy logic in Q1 19 May 2015

    The biggest three reinsurance brokers have filed solid results seemingly “defying logic” in the first quarter of 2015, suggesting they are weathering tough conditions better than a lot of underwriters.

  • Axis to stick to original PartnerRe bid 19 May 2015

    Axis is not expected to increase its bid to buy Partner Re, Reuters has reported, hoping shareholders will turn down the cash up front acquisition offered by rival bidder Exor. This would suggest that Axis thinks bidding more would only negate some of the value provided by the scale of a marriage between the two reinsurance groups.

  • Australian life profits squeezed - FREE 19 May 2015

    Life insurers in Australia face pressure on profits through to 2016, reflecting several fundamental issues, including product mispricing and premium and commission structures, rating agency Moody’s said.

  • Delta Lloyd reports improved combined ratio 19 May 2015

    Netherlands insurer Delta Lloyd has reported slightly higher GWP for Q1, although in non-life the GWP position was flat.

  • Saudi insurers face consolidation 19 May 2015

    The 10 smallest insurers in the Kingdom of Saudi Arabia (KSA) have less than 5% market share between them, and consolidation is likely, says PwC in a new report.

  • Arch completes Gulf Re deal 18 May 2015

    Gulf Re is now 100% owned by Arch following the completion of a deal between Arch and fellow Gulf Re founder GIC, in 2014.

  • Nigeria's NAICOM dissolves insurer board 18 May 2015

    The Nigerian insurance commission NAICOM has dissolved the board of International Energy Insurance amidst intra-board disagreements and financial allegations.

  • Tax change would damage US insurance market 15 May 2015

    A recent report from economist Arthur Laffer has noted that proposed tax changes for US reinsurers could be harmful for the US re/insurance industry

  • NZ quake claims not shrinking 15 May 2015

    The level of outstanding claims as a result of the 2010/11 earthquakes in New Zealand has not shrunk in recent months, according to the Reserve Bank of New Zealand

  • Puerto Rico’s economy challenging the re/insurance industry 14 May 2015

    Poor economic conditions in Puerto Rico could be a challenge for the island's insurance industry.

  • CTBC Financial in downgrade warning 14 May 2015

    Moody’s is reviewing Taiwan-based CTBC Financial’s A3 long-term foreign currency issue rating for a potential downgrade.

  • Regulatory fears for North American CROs 13 May 2015

    The imposition of global regulation and capital standards is the most concerning risk for CRO's in North America according to a new survey from Ernst & Young (EY).

  • Broker convergence is inevitable: Ursano 13 May 2015

    The broking market is likely to experience the same sort of M&A convergence currently being seen by insurance carriers.

  • FCA still on financial crime warpath 13 May 2015

    Brokers are still at risk of fines and penalties, Moore Stephens has warned, for not adequately managing bribery and corruption risks, with the FCA keen to demonstrate its active enforcement of corporate governance rules against bribery, corruption and financial crime.

  • Fosun rights issue to fund acquisitions 13 May 2015

    Chinese conglomerate Fosun is planning a rights issue of at least $1bn to fund further acquisitions

  • Hendrick likens ILS sector to MBS 12 May 2015

    XL Catlin's new reinsurance chief executive believes the insurance linked securities market can be compared with the mortgage backed securities sector.

  • Singapore, Lloyd’s vs protectionism - Beale 12 May 2015

    The heads of Lloyd’s and Singapore’s monetary authority both gave speeches this morning outlining the benefits of Lloyd’s using Singapore as an Asian hub.

  • Exor ups its cash bid for PartnerRe 12 May 2015

    Italian holding company Exor has revised its offer for Bermuda reinsurer PartnerRe, upping its attempt to out-bid Axis Capital to a new price of $137.50 per share.

  • Allianz P&C profits hit by storms 12 May 2015

    Allianz's operating profit grew by 4.8% despite suffering P&C losses of €222m and suffering investment outflows from its US asset management arm, Pimco.

  • Enstar profits and turnover grow 12 May 2015

    Insurance holding company Enstar has recorded top line and bottom line growth as a result of last year's acquisition of Torus

  • Generali Asia completes Malaysia purchase 12 May 2015

    Generali Asia has completed its acquisition of a 49% stake in a Malaysian non-life insurer. It has an option to increase its stake to 70% over the next two years.

  • Ethiopia prepares to launch reinsurer 12 May 2015

    The 13 members of the Association of Ethiopian Insurers and four non-members have joined together to allocate ETB660m in capital towards the launch of a domestic reinsurer.

  • Chilly overhauls AJG's UK structure 11 May 2015

    As part of an internal overhaul, the personal lines, private clients and small commercial distribution arm of Arthur J Gallagher will now be grouped under the broker’s UK retail division, in an operational restructure.

  • NAB reinsures part of life book 11 May 2015

    National Australia Bank (NAB) has reinsured 21% of its life book with an unnamed global reinsurer, thus reducing its capital requirement by A$500m

  • Ageas signs equity deal with BNP Paribas 11 May 2015

    Belgium-based insurer Ageas has signed a debt-conversion deal with BNP Paribas that will reduce the volatility of the Ageas General Account result

  • Industry responds to UK election 08 May 2015

    The industry responds, as the UK elects a Conservative government to Westminster, returning Prime Minister David Cameron to power.

  • Reactions May digital issue online 08 May 2015

    The latest issue of Reactions magazine is now online in its digital issue format.

  • Navigators walks away from a crop reinsurance treaty 08 May 2015

    Navigators has reported small declines in its Q1 gain and GWP.

  • Ageas grows in Asia 08 May 2015

    Netherlands-based composite Ageas has reported an improved bottom line for Q1, with significant growth in Asia.

  • Reinsurance capital grows to $425bn 07 May 2015

    An already over capitalised reinsurance market has grown to $425bn according to the Willis Reinsurance Index

  • UK broker market ? how low can you go? 07 May 2015

    Against a background of fierce competition, UK intermediaries both large and small are busy figuring out if they have sufficient scale to stay relevant in the game, fuelling the potential for continued consolidation. Garry Booth reports.

  • The state of the reinsurance market 07 May 2015

    Global reinsurer capital grew by 6% in 2014, but most of the growth came from outside the traditional reinsurance market. Peter Birks reports.

  • Turnaround on track – Aviva CEO 07 May 2015

    Mark Wilson, Aviva’s group chief executive, is upbeat about the UK insurer’s position, following the completion of its Friends Life acquisition in a busy first quarter to 2015.

  • Markel’s Q1 combined ratio drops to 83% 07 May 2015

    Favourable prior year loss reserves have caused Markel’s first quarter combined ratio to drop from 95% in 2014 to 83% this quarter.

  • Solvency II could impact dividends 07 May 2015

    With insurers still facing significant unknowns when it comes to Solvency II capital requirements, rating agency Moody's has said that some insurers might retain more earnings in order to ensure a comfortable ratio.

  • IMF urges China to be flexible on FX policy 07 May 2015

    The International Monetary Fund (IMF) is cautiously optimistic over Asia Pacific’s economic outlook.

  • RSA happy with Q1 performance 07 May 2015

    UK-based insurer RSA has said that it is happy with its performance in Q1 2015 and its progress in the strategic restructuring of the business.

  • Mike Krefta on Hiscox Re's changing strategy 07 May 2015

    Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.

  • Taiping Insurance to raise HKD13.5bn 07 May 2015

    China Taiping Insurance is to ride the wave of strong share prices in Hong Kong, raising US$1.87bn in a private placement.

  • Norway's Vardia raises estimated Q1 loss 07 May 2015

    Norwegian insurer Vardia has raised its anticipated loss in Q1 to between NOK 50m and NOK 60m, more than twice the previous estimate

  • Foreign exchange moves dent Zurich Q1 07 May 2015

    Zurich Insurance Group saw a year on year decline in operating profit in Q1, although foreign exchange movements were a major contributor.

  • Beazley grows in specialty lines 07 May 2015

    Beazley has reported a 6% year on year growth in GWP, mainly through an increase in specialty lines business, where rates improved.

  • Munich Re Q1 profit declines 16% 07 May 2015

    Munich Re has affirmed its full-year profit target of between €2.5bn and €3bn, despite a fall in Q1 earnings.

  • Sompo and Canopius: one year on 06 May 2015

    A year on from the groundbreaking deal that gave Sompo Japan Nipponkoa greater access to the international markets, while boosting Canopius’ muscle in the global arena, Canopius CFO Paul Cooper looks back on the deal and the companies’ experience since then.

  • Alt-Cap, a threat or opportunity? 06 May 2015

    Reactions, in association with BMO Capital Markets, brought leading Bermudian alternative capital experts together for a roundtable that looked at how companies should exploit the opportunities caused by changes in the way the reinsurance market is capitalised. Christopher Munro reports.

  • RenRe sees small uptick in cat losses 06 May 2015

    Bermuda's RenaissanceRe saw a small uptick in claims in its catastrophe reinsurance sector, but the combined ratio remained very low.

  • JLT Capital Markets extends reach 06 May 2015

    Alternative capital is moving into the direct corporate space with JLT Capital Markets now actively pursuing possible deals which will see some of the trickiest exposures facing risk managers moved into the capital markets.

  • Allianz share price boosted by prelim Q1 news 06 May 2015

    European insurer Allianz pleased investors Wednesday morning by confirming its previously announced profit target for 2015, between €10bn and €10.8bn.

  • Bermuda aims to prove S&P wrong 06 May 2015

    Bermuda’s Minister of Finance believes the coming months will show Standard & Poor’s that the territory is once again on the rise, with preparation for the America's Cup being just one reason for optimism on the island.

  • Axa approved to raise India JV stake 06 May 2015

    French insurer Axa has received official Indian approval to raise to 49% its stake in Bharti Axa Life and Bharti Axa General Insurance.

  • Hannover Re's Q1 profit up by 20% 06 May 2015

    Germany’s second largest reinsurer – Hannover Re – has revealed €279m first quarter net income, while gross premium also climbed by 21% in the same period.

  • FX boosts Scor bottom line 06 May 2015

    The weakening of Scor's reporting currency the euro increased the bottom line for the reinsurer, although results were strong even at constant exchange rates.

  • China attracts cap market's interest despite difficulties 06 May 2015

    China remains an attractive country for the capital markets but significant barriers to entry mean it is only for those with a strong stomach, Reactions' IAMF was told.

  • Mapfre profit down while premium hits €6bn 05 May 2015

    Spanish insurer Mapfre broke through €6bn premium in 2014, but its own share of profits fell by 8% to €201m, blamed on profits handed out to the company’s many joint venture partners.

  • CNA P&C Q1 income increases 05 May 2015

    Illinois-based insurer CNA has reported an improved overall performance, even after stripping out the impact of a one-off write-down in Q1 last year.

  • Investment returns down at Greenlight Re 05 May 2015

    Greenlight Capital Re, the Hedge Fund reinsurer led by Greenlight Capital's David Einhorn, has reported a loss for Q1 2015

  • Life sector can learn alt cap lessons from P&C 05 May 2015

    The life insurance industry should take a lesson from the property and casualty space to see how it can take advantage of alternative capital, delegates at Reactions' Insurance Asset Management Forum were told.

  • XL Catlin launched 04 May 2015

    Following the completion of XL's deal for Catlin last week, the companies have now relaunched as XL Catlin

  • PartnerRe board rejects Exor offer 04 May 2015

    The board of PartnerRe has rejected Exor's bid for the company and pledged support for its merger with Axis.

  • Fosun snaps up Ironshore 03 May 2015

    Expanding Asian re/insurance holding company Fosun has agreed to buy the 80% of Bermuda-based specialty business Ironshore that it does not already own.

  • Ironshore raises capacity limits 01 May 2015

    Ironshore global property has continued to increase capacity in certain lines of business by increasing builders risk capacity to $50m.

  • MMC records profits of $482m in Q1 01 May 2015

    Broker MMC recorded improved profits in the first three months of the year but a strong US dollar affected revenues.

  • Increased Q1 EPS at Aon 01 May 2015

    Broker Aon managed an increase in earnings per share in Q1, but the headline earnings number was roughly flat, and reinsurance broking continues to fight headwinds in the industry.

  • Fairfax Q1 underwriting results are up 01 May 2015

    Canada's Fairfax, which in February announced the acquisition of Brit, has reported improved underwriting results for Q1, but a weaker bottom line because of lower net gains on investments

  • Torus off the hook as AM Best ups outlook 01 May 2015

    Torus Insurance, acquired by Enstar Group last year, has received a revised ratings outlook from AM Best, from negative to stable.

  • The Hanover numbers up for Q1 01 May 2015

    Massachusetts-based The Hanover, which owns London market insurer Chaucer, has booked improved results for Q1.

  • Slight dip in AIG operating income for Q1 01 May 2015

    American International Group has reported a slight decline in Q1 operating income, but the commercial P&C division performed well.

  • Q1 net income up at Validus 01 May 2015

    Bermuda's Validus has reported an increase in net income for Q1 2015, with London market operation Talbot performing well.

  • April 2015

    Axis GWP down 8% in Q1 30 April 2015

    Axis reported a drop in gross written premiums in the first quarter driven by a decline in its reinsurance segment.

  • Hyperion completes RKH takeover 30 April 2015

    Hyperion Group has completed its take over of RK Harrison

  • Q1 net income dips at XL 30 April 2015

    In its last Q1 report before the integration with Catlin, XL Group has reported a slight dip in Q1 operating net income.

  • Lancashire headline numbers down 30 April 2015

    UK insurer Lancashire reported a decline in written premiums, partly because of multi-year contracts written in previous years.

  • Q1 net income rises at Swiss Re 30 April 2015

    Swiss Re has reported an increase in net income for Q1 2015, although the combined ratio in P&C Re rose.

  • Tower NZ shares suspended 29 April 2015

    Tower NZ has requested a halt to trading in its shares pending an announcement

  • IAG cuts margin guidance 29 April 2015

    Insurance Australia Group has cut its expected insurance margin for financial year 2014-15.

  • Bermuda's MoF "disappointed" by S&P downgrade 29 April 2015

    The Honourable Everard Bob Richards has said he is disappointed, although not surprised, by Standard & Poor's decision to cut Bermuda's ratings.

  • PartnerRe Q1 income falls 28 April 2015

    Net income at PartnerRe has fallen year on year for Q1 2015. The company had nothing to say on its current merger/takeover situation.

  • Q1 income up at Everest Re 28 April 2015

    Everest Re beat analyst expectations with after-tax income of $329.9m for Q1 2015, up from $281.0m in the corresponding period last year.

  • JLT Specialty USA appoints M&A transaction SVP 27 April 2015

    John McNally has joined JLT Specialty USA as senior vice president in its transaction practice.

  • BHSI moves into Australia 27 April 2015

    BHSI continues its global expansion by opening a division in Australia and appointing a leadership team in the country.

  • Hester salary in spotlight 27 April 2015

    RSA Insurance CEO Stephen Hester's bonus has again come under scrutiny.

  • More capital raising at Vardia, CEO leaves 27 April 2015

    Vardia and its CEO have parted company at the same time as the insurer announced that it would be raising an additional NOK100m from shareholders and NOK75m in a Tier 2 loan.

  • XL Catlin to increase alternative capital usage 27 April 2015

    The imminent new head of reinsurance at XL Catlin has said the combined company will increase its use of the alternative capital space.

  • Ace chief auditor to retire 24 April 2015

    Ace's chief auditor Julie Schaekel is to retire in June and will be replaced by Dimitry DiRenzo

  • PZU pondering bank moves: report 24 April 2015

    Leading Polish insurer PZU is considering moves on at least two banks in Poland with a view to encouraging a merger.

  • Russian insurer has rating withdrawn 24 April 2015

    Rating agency Fitch has downgraded and simultaneously withdrawn its rating on Russian insurer RIC.

  • Admiral drops interim reporting 24 April 2015

    UK-based insurer Admiral will no longer issue interim management statements, following the change in UK legal requirements.

  • Munich Re ups dividend for 2014 23 April 2015

    German reinsurance firm Munich Re has increased its dividend of €7.75 per share for the financial year 2014, from a previous year figure of €7.25.

  • Gibraltar hails first ILS: €100m Lottoland issue 23 April 2015

    Gibraltar’s government has welcomed the first insurance linked securities (ILS) transaction completed within the self-governing British territory, marketing itself as an alternative reinsurance hub.

  • Net income dips at AWAC 23 April 2015

    Allied World has recorded a year on year decline in net income for Q1.

  • Low rates don't yet threaten German assurers 22 April 2015

    German assurers will be able to meet their liabilities from rate guarantees for several years to come, says Fitch, but profits could be squeezed.

  • Q1 income at Ace hit by strong dollar 22 April 2015

    Insurer Ace has seen its net income for Q1 hit by the strengthening of the US dollar over the past 12 months.

  • Swiss Re shareholders approve dividends at AGM 21 April 2015

    The shareholders of reinsurance giant Swiss Re have approved dividend proposals put to them at the company's AGM in Zurich.

  • Travelers Q1 profit falls 21 April 2015

    Profit at Travelers has fallen year on year for Q1 on lower investment returns and lower prior year reserve releases.

  • AJ Gallagher buys into Chilean broker 21 April 2015

    Re/insurance broker Arthur J Gallagher has bought a controlling stake in Chile's Bareyre, expanding its Latin American market presence.

  • CGSC posts profit growth for 2014 21 April 2015

    Cooper Gay Swett & Crawford has booked a strong recovery in EBITDA profits for 2014, with CEO Toby Esser adding that 2015 had started well.

  • CGSC begins Brazil venture 20 April 2015

    Brazilian broking network GC do Brasil is partnering with Cooper Gay Swett & Crawford (CGSC) to increase its Brazil re/insurance broking business.

  • Offer for rest of Quindell? 20 April 2015

    Edmund Truell's Disruptive Capital Finance has put in a bid for all or nearly all of Quindell's remaining business, reports claim

  • Starr, Aspen in new European JV 17 April 2015

    Aspen Insurance and Starr Companies enter into a joint underwriting initiative to collaborate on writing European focused international property insurance business.

  • Aspen and Starr launch European joint initative 17 April 2015

    Starr Companies and Aspen Insurance have signed an agreement to underwrite property insurance together with a focus on Europe.

  • Everglades II provisionally sized at $250m 17 April 2015

    Florida Citizens has returned to the catastrophe bond market with Everglades II 2015-1, initially sized at $250m but with a potential for considerable upsizing.

  • Portugal commission reports on Espirito Santo 17 April 2015

    A Portuguese parliamentary commission has concluded that the patriarch of the Espirito Santo conglomerate was probably involved in the decision to manipulate the group's accounts to conceal debt levels.

  • RHB Bank restructures: Insurance sale looming? 17 April 2015

    Malaysia's RHB Bank is to undergo a restructuring and a rights issue ahead of new solvency requirements. Sources say a sale of the insurance arm could be on the cards.

  • Industry figures praise Congress's TPA moves 16 April 2015

    Senior re/insurance figures have praised Congress for introducing legislation to reauthorise TPA.

  • AM Best opens new office in Singapore 16 April 2015

    AM Best has opened a new office in Singapore, its second in the Asia region.

  • Challenging 2015 ahead for reinsurers: AM Best 16 April 2015

    Publicly listed global reinsurers face a challenging 2015, possibly with commissions rising and premiums falling, says AM Best.

  • Fitch maintains outlook on PartnerRe 16 April 2015

    Rating agency Fitch has maintained its rating watch negative on PartnerRe following Exor's counterbid for the company.

  • Sompo plans ¥100bn in alternative investments 16 April 2015

    Sompo Japan Nipponkoa plans to invest some ¥100bn in alternative asset classes, out of an asset base of ¥7trn.

  • Xchanging upbeat on insurance-related divisions 16 April 2015

    UK-based Xchanging has reported strong performance in its insurance-related divisions, but the Procurement division will impact the bottom line in 2015

  • Exor bid for PartnerRe was opportunistic 15 April 2015

    Although Exor had been studying possible investments in insurance and reinsurance for several years, it only began looking at PartnerRe after the Axis approach had been announced.

  • Axis commits to PartnerRe deal 15 April 2015

    Albert Benchimol, president and CEO of Axis Capital Holdings, has said that his company remains committed to a deal with PartnerRe.

  • PartnerRe board likely to approve Exor deal 14 April 2015

    The significant value of Exor's offer for PartnerRe means that there is a high probability of it being accepted, according to market research firm MKM Partners

  • Exor has history of re/insurance interest 14 April 2015

    Exor's interest in the re/insurance industry is not unheralded, despite the Italian investment firm's bid for PartnerRe taking the market by surprise.

  • Agnelli family's Exor in PartnerRe counterbid 14 April 2015

    Exor, the investment business of the Italian Agnelli financial dynasty, has put in a $6.4bn all cash bid for PartnerRe in what might be a knockout blow to the Axis Capital share-based offer.

  • Marsh re-brands Stars as Marsh Clearsight 14 April 2015

    Broker Marsh has integrated its Stars software platform with its main brand and has re-branded it as Marsh Clearsight.

  • Islamic insurers seek consolidation 14 April 2015

    Increased regulation, lack of profits and too many players are all pushing Islamic insurers in the UAE in the direction of consolidation.

  • IRB strong in Q1 14 April 2015

    Brazilian reinsurer IRB has posted strong numbers for Q1, helped by significant expansion outside its home territory.

  • Vienna downbeat on 2015 14 April 2015

    Vienna Insurance Group has posted strongly improved profits for 2014, but has issued a downbeat statement for 2015.

  • Chaucer exits UK motor 13 April 2015

    Chaucer, a subsidiary of US-based Hanover Insurance, is to exit the UK motor sector, focusing on its specialty classes.

  • DIFC Insurance Assn incorporates 13 April 2015

    The Insurance Association of the Dubai International Finance Centre has been incorporated as a not-for-profit association.

  • Closure for CPP mis-selling episode 13 April 2015

    The UK Financial Conduct Authority has found widespread mis-selling of card protection policies by CPP and UK banks

  • Aviva backs down on exec pay proposal 13 April 2015

    UK-based Aviva has backed down on a planned change to senior executives' potential bonuses following objections from a shareholder voting agency.

  • UK pension funds continue to de-risk 10 April 2015

    Controllers of UK pension funds are increasingly hedging their liabilities with the reinsurance sector, which is keen to take on longevity business.

  • Natural resource prices drop to new lows 09 April 2015

    The natural resource market continues to soften as capacity increases rapidly, according to a new report form Willis.

  • Brokers stay strong amidst tough conditions 09 April 2015

    The larger brokers all posted strong Q4 and full year results for 2014, reports Sam Kerr.

  • Risk managers raise their game 09 April 2015

    Risk managers are raising their profile in Europe as companies take a more rounded look at risk.

  • Bermuda results 2014 09 April 2015

    Pressure remains on the Bermuda players as M&A rumours swirl.

  • Brazil govt ponders Caixa Seguridade IPO 09 April 2015

    The Brazilian government is pondering a spin-off of its stake in the insurance unit of the country's leading mortgage lender, Caixa Econômica Federal.

  • Charles Taylor gains 89% rights issue acceptance 09 April 2015

    UK-based Charles Taylor has obtained 89% acceptance for its recently announced discounted rights issue.

  • OneBeacon could be for sale 09 April 2015

    Insurance holding company White Mountains is reported to be exploring the possibility of a sale of its 75% stake in primary specialty insurer OneBeacon.

  • Risk reduction cat bonds planned 08 April 2015

    RMS, Swiss Re and Goldman Sachs have partnered to develop a product that will generate capital for risk-reduction infrastructure.

  • Earnings under pressure in Europe 08 April 2015

    The 2014 results of the major European reinsurers have revealed that pressure on rates is hampering earnings growth.

  • Low catastrophe losses and reserve releases mask reinsurance woes 07 April 2015

    Despite positive results in 2014, reinsurers should be prepared for tough times ahead, says AM Best.

  • Bermuda re/insurers report growth in capital 06 April 2015

    Another low catastrophe year has led to Bermuda re/insurers accumulating record amounts of capital according to the ABIR's CY 2014 Global Underwriting Results.

  • Personal lines in US holding steady in soft market 06 April 2015

    Despite a malaise in US commercial line pricing, personal lines have maintained consistent growth in March 2015

  • Charles Taylor acquires Scottish Widows International 02 April 2015

    Charles Taylor offshoot Metrowise has acquired Jersey-based Scottish Widows International.

  • Euro reinsurers' strong results stymied by growth 02 April 2015

    The largest reinsurers in Europe recorded positive financial results in 2014 after a benign catastrophe season, but growth was underwhelming.

  • Ace, BlackRock agree ABR Re joint venture 02 April 2015

    Asset manager BlackRock and re/insurer Ace have set up a Bermudian based reinsurance vehicle, launching with $800m of capital.

  • ABR Re raises $800m 02 April 2015

    ABR Re, the innovative reinsurance vehicle that will have one cedant – Ace, has launched with $800m in capital, at the lower end of the target range.

  • Citigroup puts Prime Re up for sale 02 April 2015

    Citigroup is looking for buyers for Prime Re, the closed life book set up in 2010 in order to give spun-off Primerica a clean start.

  • Integro snaps up UK top 50 broker 02 April 2015

    New York-based broking group Integro has continued its UK growth with the acquisition of NPA, a top-50 UK broker

  • Lloyd’s access opens international doors for Hamilton 01 April 2015

    Hamilton Insurance's deal for Sportscover is the latest instance of re/insurers looking to gain international reach through the Lloyd's market.

  • Norway most ‘resilient’ country in the world 01 April 2015

    Norway is the country most protected from interruptions to global supply chains, according to an FM Global report

  • Catlin completes Box investment sale 01 April 2015

    Catlin has closed the sale to Aioi of its investment in Box Innovation Group, which trades as insurethebox.

  • March 2015

    S&P upgrades IGI after re/insurer outperforms expectations 31 March 2015

    Ratings agency Standard & Poor's (S&P) upgrades Bermuda based International General Insurance Group (IGI)'s rating to A- from BBB following a strong year for the re/insurer.

  • Charman gets Lloyd's and ILS experience in Montpelier Re deal 31 March 2015

    Endurance’s deal for Montpelier Re gives it access to the Lloyd's market as well as ILS expertise giving it greater scope and scale in a highly competitive marketplace.

  • AIG preliminary tender offer oversubscribed 31 March 2015

    Investors have flocked to buy AIG debt securities, with the insurer announcing that its cash tender offer was oversubscribed during early participation.

  • Endurance buys Montpelier Re for $1.83bn 31 March 2015

    John Charman’s Endurance Specialty has made the latest big reinsurance acquisition, buying Bermudian rival Montpelier Re Holdings in a merger agreement announced today.

  • AIG raises $500m from PICC P&C part-sale 31 March 2015

    AIG has turned a healthy profit from the sale of a part-stake in Chinese insurer PICC P&C


            May 2015 
In this month's Reactions
Pool Re's Julian Enoizi
Brazilian Reinsurance
UK Brokers
Endurance & Montpelier

View this issue

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