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Financial Management

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

    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.

  • Greece leaving the Euro is 50/50, says S&P 29 June 2015

    Ratings agency S&P believes there is a 50% chance that Greece could leave the Euro.

  • Exor pledge to mollify PartnerRe shareholders 29 June 2015

    In its latest step, Exor has written to PartnerRe shareholders to guarantee transaction terms in its proposed takeover bid, after the viability of the offer was called into question by the Bermuda reinsurer's board.

  • Axis/PartnerRe merger credit favourable: AM Best 27 June 2015

    Rating agency AM Best says the proposed merger between Axis Capital and PartnerRe would be credit favourable allowing the business to deploy capital in a more prudent way.

  • Competition pushing Canadian M&A 27 June 2015

    Increasing competition, as well as various regulatory issues, is expected to result in further consolidation and merger and acquisition activity, according to AM Best.

  • RGA in €12bn Delta Lloyd longevity deal 26 June 2015

    Delta Lloyd’s Dutch life insurance arm has bought about €12bn in longevity risk protection and capital benefit on reserves from RSA in the company's second deal of this kind.

  • Disgraceful, Luddite London mkt processes: Catlin 25 June 2015

    Stephen Catlin spoke at today's Reactions London Market Conference telling the audience they must address the fact that processing in London hasn't moved on significantly in 40 years and the market stands to lose out to modern rivals.

  • Cat bond lite allows smaller alt cap investors 25 June 2015

    Insurance loss warranty (ILW) traders are increasingly turning to so-called "cat bond lite" notes, as they can offer cheaper prices with increased liquidity, said experts at this week's Verisk re/insurance conference.

  • PartnerRe further slams Exor statement 24 June 2015

    PartnerRe has continued to berate Exor, slamming the investment firm's statements as “misleading” regarding credit ratings implications should Exor's hostile bid to derail PartnerRe's proposed Axis Capital merger succeed, paving the way for it to take over the Bermudian reinsurer for itself.

  • Quindell faces FCA investigation - FREE 24 June 2015

    Quindell, the insurance technology and claims management group, is being investigated by the UK’s Financial Conduct Authority (FCA) for alleged accounting irregularities.

  • France's P&C market outlook slides 24 June 2015

    As the French P&C market’s combined ratio has risen with motor insurance profits falling, Moody’s has adjusted the industry's outlook to negative.

  • Premiums up but still below pre-crisis levels 24 June 2015

    Non-life premiums were up in 2014, with some notable performances from advanced markets, but none of this was enough to raise premiums to pre-crisis levels, according to a new Sigma report from Swiss Re.

  • PartnerRe: Exor statement misleading 23 June 2015

    As Exor and the management of PartnerRe continue to squabble over bids to acquire the Bermudian reinsurer and derail its proposed merger with Axis Capital, PartnerRe has described Exor’s recent ratings-related statement as “misleading”.

  • Exor woos PartnerRe shareholders - FREE 23 June 2015

    Escalating its hostile bid to derail PartnerRe’s proposed merger with Axis Capital, Exor says it is in its second week of meeting PartnerRe’s shareholders to persuade them to back its own takeover bid.

  • PartnerRe savages Exor "unsolicited, inferior" bid - FREE 22 June 2015

    Exor’s “inferior offer” is slammed by PartnerRe for "unacceptable risks" in yet another vitriolic release, to persuade shareholders to accept Axis Capital bid's to buy the reinsurer and reject Exor's hostile counter offer.

  • GR-NEAM promotes DeLucia to CIO 18 June 2015

    General Re-New England Asset Management has promoted Vincent DeLucia to chief investment officer.

  • Majority of reinsurers planning tech spend - study 18 June 2015

    Major IT investments are being planned by 53% of reinsurance companies in the next 18 months, a survey by insurance technology outfit Xuber found.

  • PartnerRe presentation pushes Axis merger 18 June 2015

    PartnerRe has continued its fight to convince shareholders to vote in favour of a merger with Axis Capital rather than allow a takeover from Italian investment firm Exor.

  • Ace establishes Asia risk transfer unit 18 June 2015

    Insurer Ace has introduced a new risk transfer unit in Singapore, aimed at captives and some of its more complex international clients

  • BP Marsh ups Nexus stake 17 June 2015

    London-based insurance venture capital provider BP Marsh & Partners has increased its holding in specialty MGA Nexus to 9.8%.

  • JLT places second Market Re Florida ILS 17 June 2015

    The Florida hurricane market's use of alternative reinsurance continues to rise, as JLT Re's capital markets subsidiary has placed its second catastrophe bond in the Market Re series.

  • US Fed considers nationwide capital rules 17 June 2015

    The Federal Reserve has been speaking to insurers about introducing unified capital standards in the US.

  • PartnerRe letter urges Axis shareholder vote 17 June 2015

    In the latest salvo of a corporate war of words, the board of PartnerRe has exhorted its shareholders to vote to merge with Axis Capital, forestalling the counter offer on the table from Italian investment firm Exor to buy the firm.

  • Exor rebuts PartnerRe S&P rating allegation 16 June 2015

    PartnerRe's rating will not be affected by the capital structure and debt of Exor if it were to be acquired by the Italian company.

  • Buffett enters partnership deal with IAG 16 June 2015

    Warren Buffett has accelerated Berkshire Hathaway's advance into Australia's re/insurance market through a strategic quota-share deal with insurer IAG.

  • Hannover Re to back India life scheme 15 June 2015

    According to reports in India, Hannover Re is to offer reinsurance cover for an Indian insurance plan that would allow holders of Indian savings accounts to purchase life insurance.

  • ABR Re not affecting Ace's reinsurer relationships 11 June 2015

    The creation of ABR Re has not strained Ace's relationships with any of its existing reinsurers, Bill O'Farrell said at the Standard & Poor's 2015 Insurance Conference.

  • FX hurting big three brokers 11 June 2015

    Despite showing strong resilience against economic headwinds, the Big Three brokers are being hit by currency fluctuations, says S&P.

  • Market Re cat bond closes at $31.074m 11 June 2015

    A cat bond bond providing one year indemnity-based collateralised catastrophe reinsurance coverage for Florida risks has been placed by JLT Capital Markets.

  • Report out on Xchanging's in-house use of robotics 11 June 2015

    Insurance technology firm Xchanging, the London School of Economics, and robot software firm Blue Prism have released a study on the use of robotic process automation within Xchanging’s business.

  • HCC CEO says Tokio Marine deal "is a great day" 10 June 2015

    Michael Schell told delegates at Standard & Poor's 2015 Insurance Conference that HCC's acquisition by Tokio Marine is good for shareholders, employees and customers.

  • Lloyd’s gives initial nod for Capita, Istmo syndicate 10 June 2015

    “In principle” approval has been granted by the Lloyd’s Franchise Board for a new Istmo Re and Capita syndicate.

  • Tokio Marine buys HCC for $7.5bn 10 June 2015

    Texan insurer HCC has been acquired by Tokio Marine Holdings in a transaction worth $7.5bn.

  • AIG's Hancock praises Fed for global regulatory assistance 10 June 2015

    AIG's chief executive has said the Federal Reserve Board has been very helpful in assisting the insurer get to grips with all of the international regulations it is faced with.

  • Markus Rieß confirmed as Ergo chief 09 June 2015

    The board of Munich Re has confirmed former Allianz Deutschland CEO Markus Rieß as the new CEO of its primary insurance business Ergo, succeding Torsten Oletzky.

  • Exor urges PartnerRe shareholders to vote down Axis deal 08 June 2015

    Turin-based PartnerRe suitor Exor has issued a letter encouraging its fellow shareholders to vote against a proposed merger with Axis Capital.

  • PartnerRe urges shareholders to vote Axis 08 June 2015

    A final pitch from PartnerRe for its proposed Axis Capital merger urges shareholders to vote for the deal today.

  • Bogus Bulgarian bid for Tower explained - FREE 08 June 2015

    An SEC complaint has shed light on last year’s out of the blue bid for Tower Group.

  • KBW backs Axis/PartnerRe merger over Exor 04 June 2015

    Investment bank Keefe, Bruyette & Woods believes PartnerRe's shareholders will be better off supporting the Axis merger than taking Exor's offer.

  • The tussle for PartnerRe 03 June 2015

    A war of words has erupted between Turin-based investment fund Exor and the board of PartnerRe, over Exor’s increasingly hostile attempt to derail Axis Capital’s bid to acquire its Bermudian peer PartnerRe and snap up the reinsurer for itself.

  • Fosun on the march: Wang Qunbin profile 03 June 2015

    Vying to become China’s answer to Berkshire Hathaway, Fosun International is focused on growing its insurance arm as it seeks to further expand.

  • CIO Forum in New York: Battling low interest rates 03 June 2015

    Generating returns from the investment markets continues to prove problematic for those involved in the asset management side of the insurance and reinsurance industry. Reactions welcomed chief investment officers, chief financial officers, treasurers and asset managers to its 4th Insurance Asset Management Forum in New York to discuss how they can get the most out of their portfolios.

  • Exor sets out pitch to PartnerRe shareholders 03 June 2015

    In an increasingly hostile takeover attempt, Italian investment firm Exor has published a Q&A document aimed at PartnerRe shareholders, as well as approaching Bermuda’s Supreme Court and US regulators to increase disclosures it sees as in its favour.

  • M&A at highest levels since 2009 02 June 2015

    Merger and acquisition (M&A) activity has reached heights not seen since 2009 in signs that suggest the industry is finally recovering from the financial crisis.

  • Alternative Capital outlook: New York event 02 June 2015

    The impact of alternative capital on the traditional market is only set to increase, as Christopher Munro and Sam Kerr report from the Reactions’ Alternative Capital in Re/Insurance Business Club in New York.

  • Growth must be prudent, says AM Best 02 June 2015

    AM Best advises re/insurers to be measured in their attempts to grow in the current market.

  • Willis finalises 85% stake in Miller 01 June 2015

    Willis Group has been given regulatory approval to complete its 85% investment in Miller Insurance Services.

  • Axis/PartnerRe moves on with S-4 filing 01 June 2015

    Axis Capital and PartnerRe can proceed with their scheduled shareholder meetings after the SEC approved their S-4 filing, Reactions has learned.

  • Axis/PartnerRe to return $750m to shareholders 01 June 2015

    The combined Axis and PartnerRe will immediately return $750m to the combined company's shareholders following the close of the transaction.

  • Competition presents a challenge to London market 01 June 2015

    Despite several years of profitable underwriting in the London market there are several challenges ahead reports AM Best.

  • Mapfre buys Direct Line's international unit 01 June 2015

    UK motor insurer Direct Line has completed the sale of its international arm to Spain's Mapfre.

  • May 2015

    Big three results defy logic in Q1 31 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.


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

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For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.