Free Trial Corporate Access

Financial Management

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

  

            June 2015 
In this month's Reactions
Fosun Exclusive
Tussle for PartnerRe
Legal Survey 2015
Alt Capital NY event



Click here to view this issue


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