Articles by Ross Larsen and Will Hadfield

Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July

Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business. The company is expected to begin trading in London in …

Swiss Re to Post ‘Large’ Q3 Losses from Italy Bridge Collapse, Natural Disasters

Swiss Re AG said it will post relatively “large” losses from claims in the third quarter, as man-made disasters including the collapse of a bridge in Italy add to damage from storms. Natural disaster claims, mainly from Japan and North …

Marsh & McLennan to Acquire Broker JLT

Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) to expand its global offering of reinsurance and consulting services, adding to the frenetic pace of deal activity in the industry. The New …

Generali Plans to Sell Wealth Management, Services Units for $476M

Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for international disposals. The Generali Worldwide and Generali Link businesses will be purchased …

Generali Agrees to Sell German Life Unit, Valued at $1.2B, to Viridium

Assicurazioni Generali SpA agreed to sell almost 90 percent of its German Generali Leben unit to a company owned by Cinven Ltd. and Hannover Re in a deal that values the business at about 1 billion euros ($1.2 billion.) The …

Talks End without Softbank Stake in Swiss Re; Swiss Re Still Open to Other Investors

Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its pursuit of a stake in the world’s second-largest reinsurer. The collapsed talks mark the end of nearly four months of …

Lloyd’s CEO Warns Insurance Policies’ Continuity at Risk Under Brexit

Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe. “Regulators across Europe can actually come to an agreement themselves …

Insurers Gain as Shifty, Weakened Irma May Not Be as Damaging as Feared

Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma’s damage were excessively dire. Giant reinsurers like Swiss Re and Munich Re, which shoulder risks for local insurers around the world, posted their biggest gains …

Intesa Says Possible Generali Bid Is Just One of Many Options Being Eyed

Intesa Sanpaolo SpA said it’s weighing a potential takeover of Assicurazioni Generali SpA and described a possible bid as a “case study” that is only one of many options the Italian bank is considering. The Turin-based bank responded in a …

Delta Lloyd to Sell 30.2% Stake in Wealth Manager Van Lanschot to Raise Capital

Delta Lloyd NV started selling its entire 30.2 percent stake in wealth manager Van Lanschot NV as part of the insurer’s plan to boost capital. A total of 11.3 million existing depository receipts of Van Lanschot are on sale at …