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Financial Management

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

    Market turmoil could stay Fed’s hand on rates 28 August 2015

    The recent economic downturn in China, and the volatility in global equities markets which has followed may delays the Fed's planned rise in interest rates.

  • Cat bond issuance hits $2.96bn in Q2 28 August 2015

    Issuance of insurance linked securities (ILS) reached almost $3bn in the year’s second quarter, and $4.7bn for the first half.

  • China’s shock yuan devaluation 28 August 2015

    China triggered fears in global markets after unexpectedly devaluing its currency in mid-August in an attempt to boost exports.

  • All bets are off: Monte Carlo 28 August 2015

    Faites vos jeux: the Monte Carlo Rendez-vous beckons. It’s traditionally a time for people to start placing their bets on where the reinsurance market is heading.

  • London eyes the Brexit sign 28 August 2015

    Britain’s exit from the Eurozone would spell trouble for the London market. Garry Booth reports.

  • Editor's Comment: China: crisis, disaster, ambition, expansion 28 August 2015

    Whatever does happen next in the sector, it’s a safe bet that the arc of China’s story will figure increasingly prominently on the global re/insurance stage.

  • Charles Taylor H1 revenue up 21.7% 28 August 2015

    Insurance services firm, Charles Taylor, grew its first half revenue by 21.7% and has raised £28.9m in a rights issue.

  • Life insurers trade liquidity for yield 27 August 2015

    The life insurance market is switching its focus from liquid assets to more high yield products says Fitch

  • European re/insurers weather stock flux 26 August 2015

    European reinsurers are well placed to weather the storm of a volatile Chinese market, AM Best believes.

  • Reinsurance declines ease at renewals 25 August 2015

    The pace of reinsurance rate declines slowed at June/July renewals as the level of alternative capital entering the sector eased.

  • Zurich makes £5.6bn RSA bid 25 August 2015

    Zurich has made an offer for RSA valuing the business at 550p per share, equal to a potential £5.6bn ($8.7bn) takeover.

  • Lloyd’s insurers affected by China woes 24 August 2015

    London market players saw their share prices fall amidst global concerns over the Chinese economy.

  • Amlin H1 pre-tax profits down at £143.3m 24 August 2015

    Amlin’s first half profits suffered from changes to its reinsurance account and the slower earnings associated with multi-year contracts.

  • London puts brave face on LMG levy plan 21 August 2015

    A proposed slip levy in the London market to raise £250m over five years may cause some acrimony amid tough competition and pricing pressure, but so far is seeing some support.

  • RGA acquires Netherlands life portfolio 20 August 2015

    Reinsurance Group of America has continued its growth in the Netherlands life market with a deal to acquire a portfolio of business from local insurer PGGM.

  • Willis Australia buys Perth broker 20 August 2015

    CKA Risk Solutions has been acquired by Willis Australia for an undisclosed amount.

  • AIG to sell stake in Dutch air leasing firm 19 August 2015

    US insurer AIG is to sell its stake of ordinary shares in Dutch air leasing firm AerCap, the world's largest aircraft leasing company.

  • QBE ups profit 24% in H1 results 18 August 2015

    Australia-based insurer QBE has increased its profits by almost a quarter, with a combined ratio of 93.4%.

  • Standard Life to increase stake in Indian JV 14 August 2015

    Standard Life is to increase its stake in Indian Life Insurer HDFC to 35%.

  • CATCo on track to improve 2014 return 14 August 2015

    CATCo has predicted its 2015 return will be above the 14.08% it posted last year providing it is not impacted by any major catastrophes in the coming months.

  • China conglomerate plans to launch new reinsurer 14 August 2015

    Oceanwide Holdings, a Chinese property conglomerate, is to launch a new reinsurer with the intent of challenging China Re.

  • Insurance rates continue downward fall 13 August 2015

    Insurance rates continued to fall across most classes of business in the second quarter of 2015, according to Marsh.

  • Munich Re establishes new retro unit 13 August 2015

    Munich Re has launched a new capital unit to replace its old trading risk division.

  • Zurich downgrade risk over potential RSA bid - FREE 13 August 2015

    Zurich's insurer credit rating is under threat if its proposed bid to buy RSA relies on too much debt, Fitch Ratings said.

  • CCRIF hands members discount at renewal 13 August 2015

    The CCRIF programme provided members with discounts on their hurricane, earthquake and excess rainfall protection during recent renewal discussions.

  • Oxbridge Re improves profits in Q2 12 August 2015

    Oxbridge Re saw a significant increase in its profits in the second quarter of the year on the back of premium growth.

  • CUIS results show bouyant Chinese market 12 August 2015

    The substantial growth in the revenues of Chinese broker China United Insurance Services (CUIS) point to rapid growth in China's broking market.

  • Liberty Mutual suffers $137m Q2 profit drop 12 August 2015

    Liberty Mutual’s second quarter profits suffered a $137m nose dive after catastrophe losses reached $800m and investment income fell by $79m.

  • IGI drops profit and premium 12 August 2015

    Dubai International Financial Centre (DIFC) insurer International General Insurance announced net earnings of $16.2m for the first half of 2015.

  • Arig raises half-year profit 32% 12 August 2015

    Bahraini reinsurer Arab Insurance Group (Arig) has revealed higher profit and investment returns, but a 21% drop in premium in its interim results.

  • Towers Watson reports strong finish to 2014 11 August 2015

    Professional services company Towers Watson reports both revenue and profit growth in its fourth quarter and full year results.

  • Tysers' pre-tax profit hits £8m for FY14 11 August 2015

    Pre-tax profits grew by 21.6% for Lloyd’s broker Tysers for its 2014 financial year, prompting speculation that the business may soon be up for sale.

  • Tokio Marine Kiln Syndicates profit on track 10 August 2015

    Tokio Marine Kiln has released the profit forecasts for its Lloyd's syndicates up to the current year of business.

  • Berkshire reports Q2 $38m underwriting loss 10 August 2015

    Berkshire Hathaway’s underwriting profits fell 49% during 2015's first half while it suffered a $38m underwriting loss in the second quarter.

  • Allianz Q2 P&C profits grow 29.7% 07 August 2015

    The property and casualty division of German insurance giant, Allianz, saw operating profits grow by 29.7% to €1.75bn for the second quarter of 2015.

  • Zurich profits down in first half 06 August 2015

    The Swiss insurer said it had “actions underway to deliver on its 2016 targets”.

  • Markel reports Q2 loss of $132.9m 06 August 2015

    The second quarter of 2015 saw Markel's fortunes dip to a comprehensive loss of $132.9m, despite an improved combined ratio of 96% on its underwriting.

  • Analysts downbeat on Direct Line 06 August 2015

    Direct Line’s interim results were better than expected but they might not be sustainable.

  • Profits up Munich Re's 2015 forecast to €3bn 06 August 2015

    After a strong second quarter, German reinsurer Munich Re has revised its projected 2015 profits from between €2.5 and €3bn to at least €3bn.

  • RSA swings 317% into profit 06 August 2015

    Operating profit was up 84% for the first six months at RSA, while pre-tax profit soared by 317%, recovering from losses sustained in the same period last year.

  • Middle East ripe for M&A: AM Best 05 August 2015

    Market conditions in the Middle East may lead to increased consolidation, according to AM Best.

  • Alleghany profits rise in Q2 05 August 2015

    Alleghany recorded increased profits in the second quarter on the back of positive reinsurance results from TransRe.

  • Hannover Re ups 2015 forecast to €950m 05 August 2015

    Following a strong first six months of 2015 with net income at €531.9m, Hannover Re has increased its full year profit expectations to €950m.

  • Integro to be bought by Odyssey 05 August 2015

    Odyssey Investment Partners has agreed to acquire broker Integro for an undisclosed fee.

  • Record Novae H1 underwriting result 05 August 2015

    Novae has reported strong results for the first half of 2015, with a record underwriting performance, despite being hit by rate declines and negative foreign exchange rates.

  • Argo Group premiums up in Q2 04 August 2015

    Argo Group saw a growth in its premiums in the second quarter of the year although profits dropped slightly during Q2.

  • Bill Berkley to step down as WR Berkley CEO 04 August 2015

    Rob Berkley is to succeed his father as chief executive of WR Berkley with Bill Berkley becoming executive chairman in October.

  • AM Best downgrades PartnerRe 04 August 2015

    AM Best has downgraded PartnerRe following its decision to accept Exor's bid for the company and terminate merger talks with Axis.

  • Operating profit up 12% at Axa 04 August 2015

    France’s Axa saw its revenues go up by 1% to €18.2bn ($19.9bn) in the first half of 2015.

  • XL Group operating profits down in Q2 03 August 2015

    XL Group suffered a small loss in its operating profits in its first quarterly results release since the company acquired Catlin Group.

  • Asbestos charge hits CNA's Q2 profits 03 August 2015

    Insurer CNA Financial has reported a drop in its profits for the second quarter of 2015.

  • Axis Capital looks to future on its own 03 August 2015

    Re/insurer Axis Capital has said it plans to continue as a stand-alone company, rather than seek another merger deal, following the collapse of its proposed merger with PartnerRe.

  • PartnerRe agrees $6.9bn Exor sale - FREE 03 August 2015

    The Bermudian reinsurer has ditched its plans to merge with Axis Capital, which will receive a $315m payoff, while Exor will buy PartnerRe in a $6.9bn all-cash deal.

  • July 2015

    Endurance completes Montpelier acquisition 31 July 2015

    Bermuda-based Endurance has completed its purchase of Montpelier Re and added three Montpelier executives to its board.

  • Brit profit falls 59% on investment slump 31 July 2015

    UK insurer Brit has reported operating profit of $70.9m for the six months of 2015, down from the $172.3m in the same period last year.

  • Swiss Re ups Q2 profit despite P&C drop 30 July 2015

    The group managed an 11% rise in net profit at the year’s halfway point. Increased investment returns and strong performance in the Corporate Solutions arm offset an uninspiring drop in premium and profit within its property and casualty (P&C) reinsurance business.

  • Arch profits fall in Q2 30 July 2015

    Bermuda-based Arch Capital saw profits drop in the second quarter of 2015 although its results for the first six months were more positive.

  • Best profit in eight years at Generali 30 July 2015

    In its interim results, Italian insurer Generali’s premium rose by 7%, operating profit was up 11% and net profit soared by 22% - its best result since 2007.

  • Willis' revenue falls despite organic growth 29 July 2015

    Willis' commissions and fees decreased during the second quarter even though it recorded organic growth of 1.6% during the period.

  • HCC profits down in Q2 29 July 2015

    HCC Insurance recorded a small drop in its 2015 second quarter and first half profits although gross written premium increased significantly.

  • Organic revenues up at AJG 29 July 2015

    AJG saw increased revenues in both its broking and its risk management segments in the second quarter of 2015.

  • Lancashire premium shrinks by a third 29 July 2015

    Multi-year premium renewals, combined with an 11% shrinkage in the remainder of its book, sees Lancashire drop its gross written premium by 33% since last year.

  • Scor ups profits, premium by over 20% 29 July 2015

    Gross premium was up by 22% for Scor in the second quarter of 2015, while net income was up by 28% in the first six months, at the Paris-based reinsurer.

  • Validus ups premium, energy loss hurts profit 29 July 2015

    Bermudian reinsurer Validus saw its premium rise by 11% for the second quarter, but its operating profit fall to $98.3m, citing loss activity on its energy book, leaving it with an 80.7% overall combined ratio.

  • Feds reject Sifi insurers’ resolution plans 29 July 2015

    The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have told three “systemically important” non-bank financial groups to improve the living wills they are required to write.

  • Best is yet to come, says JLT 28 July 2015

    London market broker JLT performed solidly in the first half of 2015, and says having faced US expansion costs, changes to commissions, and some deferred reinsurance placements, its second half performance will return it to previous rates of organic growth.

  • The Hartford improves its profits in Q2 28 July 2015

    Connecticut-based insurer The Hartford saw its profits rise in the second quarter of the year as well as increased core earnings.

  • Asta launches Lloyd’s turnkey MGA platform 28 July 2015

    Lloyd’s managing general agent (MGA) turnkey Asta Capital Management has launched a new platform.

  • Reinsurance outperforms direct at Aspen 28 July 2015

    Bermudian re/insurer Aspen has reported a combined ratio of 93.6% for the second quarter of 2015, operating income after tax at $72.2m, net income at $49m, and a 21% growth in gross premium over six m months.

  • WR Berkley makes $105m Q2 operating profit 28 July 2015

    US insurer WR Berkley has turned in a second quarter result broadly in line with expectations, while its combined ratio improved slightly, from 94.4% to 94.2%.

  • Zurich considers RSA bid 28 July 2015

    RSA Insurance could be the recipient of an acquisition bid by Zurich Insurance.

  • PartnerRe hit by Q2 investment losses 28 July 2015

    Bermuda's PartnerRe has confirmed a net loss of $103.1m for the second quarter partly owing to mark-to-market investment losses.

  • Competition takes toll on Aspen's Q2 GWP 27 July 2015

    Competition on both the insurance and reinsurance sides of its business caused gross premiums written to fall at Bermuda-based Aspen.

  • Hiscox applauded for H1 profits, growth 27 July 2015

    Strong performance by London market and Bermudian insurer Hiscox has attracted analyst plaudits, growing particularly strongly in London, the US, and in its retail specialty lines.

  • ISS recommends merger to Axis shareholders 24 July 2015

    ISS has recommended Axis Capital's shareholders back the PartnerRe merger having earlier suggested PartnerRe's shareholders back the Exor bid.

  • ISS recommends Exor's PartnerRe bid 24 July 2015

    The influential shareholder proxy firm ISS has recommended PartnerRe's shareholders reject the merger with Axis on the August 7 vote.

  • Weather losses hit Mapfre's profit 24 July 2015

    US weather losses and higher tax rates in some Latin American countries led to Mapfre recording a drop in profits for the first half of the year.

  • Beazley profits jump 16% in H1 24 July 2015

    Lloyd's insurer Beazley saw its profits rise for the first half of the year on the back of positive US underwriting results.

  • RGA's profits dip owing to weak US results 24 July 2015

    RGA saw its profits fall in the second quarter of the year although this was offset by better results in EMEA.

  • Anthem buys Cigna for $54bn 24 July 2015

    A record merger deal within the US health insurance sector ties up Anthem with Cigna.

  • “Don’t wallow” Greenberg tells Chubb - FREE 24 July 2015

    Comment: Chubb held an employee meeting on July 20 to discuss its merger deal with Ace, with a guest speaker: Ace’s chairman and CEO Evan Greenberg, who told staff to work with Ace to build on their company’s success.

  • Chubb ups net premiums written in Q2 23 July 2015

    Chubb saw its net profit fall slightly despite increasing its net premiums written during the second quarter of 2015.

  • Regulation challenging investment strategies 23 July 2015

    Lower interest rates and increased regulatory scrutiny are challenging re/insurers on how to best utilise their investments reports PatPatia and Associates.

  • Peak Re buys half of Caribbean insurer Nagico 23 July 2015

    Sint Maarten-based Nagico has been 50% acquired by Asian reinsurer Peak Re.

  • PartnerRe and Axis defiant over merger 22 July 2015

    PartnerRe and Axis Capital remain convinced their merger agreement remains the best option for the former's shareholders despite Exor upping its bid.

  • Allied World profits plummet in Q2 22 July 2015

    Swiss re/insurer Allied World has seen its profits tumble in the second quarter of the year on the back of catastrophe, non-catastrophe and investment losses.

  • Exor may raise PartnerRe bid again 22 July 2015

    Despite insisting that $140.50 per share is its final offer for PartnerRe, Exor may raise its offer again now it can look at the re/insurer's books.

  • Munich Re's IFS rating upgraded to AA 22 July 2015

    Munich Re has had its insurer financial strength rating upgraded, giving it one of the highest among European re/insurers, Fitch said.

  • Fitch upgrades Scor’s financial strength 22 July 2015

    Rating agency Fitch has increased its rating of Scor’s financial strength to “AA-”.

  • Axa in talks to buy Genworth LPI for €475m 22 July 2015

    Axa is in exclusive talks to acquire Genworth Lifestyle Protection Insurance in a €475m deal, representing an implied 0.65x book value multiple as of 2014 year end.

  • Ace ups Q2 profit by a fifth after p/c growth 22 July 2015

    Zurich-based Ace saw its net profit grow to $942m for the second quarter, although CEO Evan Greenberg said the highlight was its acquisition of Chubb.

  • Aegis London's Mistry moves to Channel 21 July 2015

    The Scor-backed Channel Managing Agency has brought in Vinay Mistry from Aegis London as its new chief risk officer.

  • Talbot restructures Latin America team 21 July 2015

    Talbot Underwriting has made two changes to its regional leadership team as it seeks to strengthen its presence in Latin America.

  • PartnerRe board to engage with Exor 21 July 2015

    PartnerRe's board will enter into negotiations with Exor over its revised offer for the company to see whether its bid could be improved.

  • Exor ups PartnerRe bid to $140.50 20 July 2015

    PartnerRe suitor Exor has sweetened its offer yet again for the Bermuda-based reinsurer, by offering a special pre-closing dividend to shareholders.

  • Howden buys Cooper Gay Colombian firm 20 July 2015

    Now qualifying as one of the larger brokers in Latin America, Howden has acquired Cooper Gay’s Colombian joint business.

  • Tax reforms will have “profound” effect: IUA 20 July 2015

    Global tax reforms will have profound implications for the insurance industry, the International Underwriting Association (IUA) has warned.

  • Pace of M&A set to continue: AM Best 20 July 2015

    Smaller brokers and re/insurers and those without particular specialties are expected to be the losers in a M&A activity, insurance focused rating agency AM Best has said.

  • QBE sells off US mortgage unit 17 July 2015

    QBE has agreed to sell it mortgage and lender services business to National General for a consideration of approximately $90m.

  • Reactions July/August digital issue online now! 17 July 2015

    Read the July/August digital issue, including an interview with Fidelis founder Richard Brindle, the LMG's Malcolm Newman, climate risk news from Paris, insurance buying buzz from Airmic, our London and Latin America awards, and the latest biggest insurance M&A news, including Ace / Chubb and Willis / Towers Watson.

  • Ace and Chubb tie the knot 17 July 2015

    Ace’s surprise acquisition of Chubb in a deal worth $28.3bn will create one of the largest property and casualty insurance groups in the world with plenty of scope for the combined business to expand far further than its current reach.

  • Berkshire strikes partnership to dominate Australia 17 July 2015

    Insurance Australia Group’s deal with Berkshire Hathaway could fundamentally change market dynamics in the country.

  • Tokio Marine’s HCC deal 17 July 2015

    The Japanese company’s deal for HCC Insurance Holdings may have come as something of a shock, but there is little surprise in Tokio Marine acquiring another international firm in its bid to grow its global footprint.

  • Alt cap: investor elixir or placebo? 17 July 2015

    Reactions, in partnership with BNY Mellon, hosted a roundtable in New York to discuss why investors are increasingly interested in the so-called alternative capital sector of the re/insurance industry, as well as what the future might hold for this niche segment.

  • US P&C insurers grow profits in Q1 2015 16 July 2015

    Property/Casualty insurers in the US have grown their profits in the first quarter of the year according to ISO and PCI.

  • Editor's comment: Who’s next to get married? 16 July 2015

    Comment: Whether its brokers, insurers or reinsurers, companies are currently coupling up like amorous teens at a high school dance.

  • Axis, PartnerRe improve merger terms 16 July 2015

    Trying to shake off a hostile takeover attempt by Exor, Axis and PartnerRe's management have offered shareholders improved terms on their proposed merger deal.

  • Willis / Towers Watson: what the analysts say 16 July 2015

    The Willis / Towers Watson merger is viewed as a defensive move by some analysts, but it could also be a bonus for rival JLT.

  • Fed still expects US rate rise in 2015 15 July 2015

    The US Federal Reserve Board (Fed) still expects interest rates to rise before the end of the year, Fed chair Janet Yellen told Congress.

  • BMA register three class 4 reinsurers in H1 2015 14 July 2015

    The Bermuda market continues to remain attractive for the re/insurance market as 45 companies register in H1 2015, including three Class 4 reinsurers.

  • Lloyd's gains Colombia office approval 14 July 2015

    Colombia’s regulators have granted Lloyd’s approval to open a representative office in Bogotá.

  • Axis expects large marine losses in Q2 13 July 2015

    Axis Capital believes it will suffer $40m of marine losses in the second quarter of the year owing to offshore energy events.

  • Hub continues US growth with Kansas acquisition 13 July 2015

    Hub has acquired its second US regional broker this month after purchasing GBS, an employee benefits specialist.

  • Advent launches insurance management branch 13 July 2015

    Advent has launched an insurance management arm, and has hired Paul Bermingham from Xchanging to lead the new operation.

  • Florida reinsurance rate decreases slow 10 July 2015

    Private market reinsurance solutions in Florida have slowed down reinsurance rate declines, says JLT Re.

  • EU insurers well placed to withstand Grexit 10 July 2015

    European insurers would be able to withstand a Greek exit from the Euro-zone should negotiations between Greek leaders and the EU break down.

  • London’s make or break modernisation plan 10 July 2015

    Whether London can turn around its "out of date" market processes may be make or break for London remaining the beating heart of the global re/insurance industry.

  • Disappointment over UK insurance tax hike 10 July 2015

    The UK's insurance premium tax will be raised by over 50%, it was announced on Wednesday. Despite the hike being expected, the industry has expressed some disappointment.

  • Aegon sells Clark Consulting arm for $177.5m 10 July 2015

    Greenspoint Capital and the Newport Group, both controlled by Stone Point Capital, are buying Aegon USA’s Clark Consulting life business, while Aegon keeps the block of business in run off.

  • More deals like Ace/Chubb on the horizon 09 July 2015

    Re/insurers are changing their merger and acquisition strategy to consolidate with larger partners potentially transforming the market, says AM Best.

  • Asian monsoons cause heavy damage in June 08 July 2015

    Heavy monsoon rains in Asia were responsible for June's largest losses according to Impact Forecasting's latest report.

  • UK Insurance Premium Tax up to 9.5% 08 July 2015

    IPT will be raised by the UK Government following Wednesday's Budget announcement by Britain's chancellor George Osborne.

  • Exor to replicate Buffett's model with PartnerRe 07 July 2015

    Exor hopes to copy the successes enjoyed by Warren Buffetts' Berkshire Hathaway should its bid for PartnerRe ultimately be successful.

  • Exor to allow PartnerRe to look at rival bids 07 July 2015

    As part of an effort to sweeten terms for PartnerRe shareholders should they accept its bid for the company, Exor will allow shareholders to shop around for other bids.

  • Grexit could hit insurance obligations 07 July 2015

    As a potential exit from the eurozone beckons for Greece, Greek bank closures may impact insurers’ and brokers’ obligations, a UK law firm has warned.

  • UK aims to lead in Islamic insurance 07 July 2015

    The UK should capitalise on the growing Takaful insurance market, or other countries will steal London's lead, said experts at an IUA briefing on Islamic insurance held at Lloyd's today.

  • Asta promotes Barke to chief actuary 06 July 2015

    Lloyd's managing agent Asta has promoted Richard Barke to chief actuary, replacing Tony Jones who is leaving to focus on consultancy UMACS.

  • Hub International acquires Florida agency 06 July 2015

    US broker Hub International has expanded its presence in central Florida by acquiring Cooper Simms.

  • Flood Re to buy £2.1bn reinsurance cover - FREE 06 July 2015

    One of the world’s biggest reinsurance deals, the UK's Flood Re, has started looking to secure £2.1bn in cover, taking some steps forward in the flood risk pool’s creation.

  • Insurers middle or back of the tech pack – CSC - FREE 03 July 2015

    Technology services firm CSC has published a survey revealing insurers' shortfalls at investing in their IT and technology.

  • Tax fears rising for re/insurance CEOs 03 July 2015

    Tax is becoming increasingly complex, with new compliance demands introduced worldwide, making it increasingly worrisome for re/insurance chief executives and board members.

  • Chubb buy puts Ace under review: AM Best 03 July 2015

    After announcing its historic deal to buy Chubb for $28.3bn, Ace’s ratings have been put under review with negative implications by re/insurance credit rating agency AM Best.

  • First Chinese catastrophe bond presents chance for ILS market to diversify 02 July 2015

    China's first catastrophe bond could be the catalyst that ultimately provides capital market investors with new opportunities.

  • Reinsurance prices begin to stabilise at July renewals 02 July 2015

    July 1 renewals provided positive news for reinsurers as price declines began to slow, according to Willis Re.

  • M&A: Who will be the next to go? - FREE 02 July 2015

    Eamonn Flanagan, re/insurer stocks analyst at Shore Capital, and Reactions London Market Awards judging panel stalwart, gives his views on six of the most likely acquisition targets in what he calls the ongoing re/insurance market "M&A juggernaut".

  • Grexit fallout limited beyond Greece: S&P 02 July 2015

    The consequences of a Greek exit from the eurozone could be catastrophic for Greece's economy, cutting GDP by perhaps 20%, while many European insurers have already cut back on exposures and investment risks inside Greece, said S&P.

  • Chubb makes Ace bigger personal lines player 01 July 2015

    Ace's deal to buy Chubb makes the combined business the largest high net-worth personal lines insurer in the US.

  • ILS market moves towards larger transactions 01 July 2015

    The first two quarters of this year saw fewer sponsors enter the ILS market although transaction size tended to be higher according to PCS.

  • Grexit: significant insurance uncertainties – CMS 01 July 2015

    Greek insurers’ reserves would be hit and rendered potentially deficient against risks in other eurozone countries if a new drachma is introduced against the euro, law firm CMS warns.

  • Ace to acquire Chubb in $28.3bn deal - FREE 01 July 2015

    Ace has announced it is buying Chubb in a $28.3bn deal, agreeing to assume the Chubb brand across the merged entity, with Ace boss Evan Greenberg leading the combined company.

  • June 2015

    Willis and Towers Watson to merge 30 June 2015

    Willis and Towers Watson are merging in an $18bn deal, while analysts predict this may be positive for rival JLT.

  • PartnerRe says Exor amendments misleading 30 June 2015

    PartnerRe has once again accused Exor of misleading investors after the Italian firm made several amendments to its hostile takeover bid.


July / August 2015 
In this month's Reactions
 Richard Brindle's Fidelis
 Scor Climate Risk Paris
 Drones Take Flight
 London & Miami Awards

Click here to view this issue

  • Tropical Storm Erika 29 Aug 2015 - Erika’s forecast track trajectory continues to shift westwards, with the current National ...
  • Hurricane Ignacio (12E) 28 Aug 2015 - After tracking into the Central Pacific Ocean, Ignacio remains a Category 1 ...
  • Hurricane Jimena (13E) 28 Aug 2015 - The thirteenth named storm of the 2015 East Pacific hurricane season, Jimena, ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.