Pre-Monte Carlo Outlook: Reinsurance Rates to Drop Up to 7.5% Despite Harvey September 5, 2017 By Carolyn Cohn Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition,...
Japan Post Plans $9.1B-$12.8B Share Sale as Early as Sept. 11 September 5, 2017 By Takahiko Hyuga and Maiko Takahashi Japan Post Holdings Co. will announce plans for a share sale by the government as early as Sept. 11, almost...
Fosun’s Plans for Overseas Growth ‘Don’t Clash’ with China’s M&A Crackdown September 5, 2017 By Bloomberg News Fosun International Ltd., one of the companies in the cross hairs of a Chinese government crackdown on offshore acquisitions, says...
Aon to Buy Real Estate Investment Mgmt. Firm, Townsend Group, for $475M September 5, 2017 By Greg Roumeliotis Insurance broker Aon Plc said on Friday [Sept. 1] it would buy real estate investment management firm The Townsend Group...
Southern U.S., Caribbean Islands Brace for Hurricane Irma September 4, 2017 By Alana Wise Hurricane Irma, barreling toward the Caribbean and the southern United States, was upgraded to a powerful Category 4 storm on...
Devastating S. Asia Floods Kill 1,400, Expose Lack of State Planning for Monsoons September 1, 2017 By Rupam Jain Nair and Tommy Wilkes The most devastating floods to hit South Asia in a decade have killed more than 1,400 people and focused attention...
Zurich Insurance Taps Martin from Swiss Re as Group CRO, Succeeding Reyes September 1, 2017 Zurich Insurance Group announced that Alison Martin will join the group on Oct. 1, 2017 and will assume the role...
Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge September 1, 2017 By L.S. Howard Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium...
Japan Government Plans to Sell Shares in Bancassurer Japan Post September 1, 2017 By Taiga Uranaka Japan’s government plans to sell shares in Japan Post Holdings Co. as soon as this month, the first sale since...
Warburg Pincus Makes Majority Investment in Canada’s SCM Insurance September 1, 2017 Private equity firm Warburg Pincus made a majority investment in SCM Insurance Services, the privately owned Canadian insurance services provider...