Lloyd’s Chairman Criticizes Profit-Hungry Corporations, Which Risk Eroding Trust September 30, 2015 By Sarah Jones Lloyd’s of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at...
RSA’s Hester Expects More Bids After Zurich Abandons Takeover Offer September 22, 2015 By Sarah Jones RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich...
Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As September 15, 2015 By Sarah Jones Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of...
Reinsurers Expect Continued Downward Pressure on Pricing During 2016 September 14, 2015 By Sarah Jones The world’s largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital...
Woodford Investment Cashes in Amlin Stake After Record Takeover Offer September 11, 2015 By Sarah Jones Neil Woodford cashed in his entire 107.5 million-pound ($166 million) stake in Amlin Plc after Tuesday’s takeover offer by a...
Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers September 9, 2015 By Sarah Jones Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers...
Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals September 8, 2015 By Komaki Ito and Sarah Jones MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3...
Japan’s Mitsui Sumitomo Preparing to Buy Amlin: Report September 7, 2015 By Sarah Jones Japan’s Mitsui Sumitomo Insurance Co. is in talks to buy Lloyd’s of London insurer Amlin Plc in a deal that...
Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA August 25, 2015 By Jeffrey Vögeli and Sarah Jones Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion...
Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale August 24, 2015 By Sarah Jones Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer,...