How AXA Wooed and Won XL Group in $15.3B Takeover Deal March 6, 2018 By Fabio Benedetti-Valentini , Sonali Basak, Aaron Kirchfeld and Manuel Baigorri AXA SA’s pursuit of its biggest ever takeover really got serious at a romantic hotel on the shores of Lake...
PERILS Revises Loss Estimate for Europe’s Windstorm Zeus to €272M ($335.1M) March 6, 2018 The final estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit France last year on March...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named March 6, 2018 Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation...
Some U.K. Professional Firms ‘Understate’ Gender Pay Gap as New Data Law Looms March 6, 2018 By David Hellier and Gavin Finch U.K. politicians are demanding law and accounting firms revise figures on how male and female staff are remunerated amid criticism...
UK’s Prime Minister Defends Decision to Reject EU ‘Passporting’ for Insurers, Banks March 5, 2018 By William James Prime Minister Theresa May defended her decision to rule out so-called “passporting” rights for banks after Brexit, saying Britain could...
Manchester Underwriting Acquires Pelican Underwriting from Asta Capital March 5, 2018 Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital...
Chubb Global Markets Appoints Hiscox’s Rowley as Senior Underwriter Financial Lines March 5, 2018 Chubb announced the appointment of Benjamin Rowley as senior underwriter Financial Lines, Chubb Global Markets. Rowley is a medical malpractice...
XL Group CEO McGavick Comments on Firm’s Agreed Purchase by France’s AXA March 5, 2018 XL Group’s CEO Mike McGavick has issued the following statement to clients and brokers in response to today’s announcement that...
ExxonMobil Says Papua New Guinea LNG Plant to Be Closed for 2 Months After Quake March 5, 2018 ExxonMobil Corp. said on Monday it would take about eight weeks to restore production at the Papua New Guinea liquefied...
France’s AXA to Acquire P/C Insurer XL Group for $15.3 Billion March 4, 2018 By Fabio Benedetti-Valentini and Matthew Monks AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of...