Fitch Sees Weak Profits Leading to Takeovers of Smaller Reinsurers September 13, 2016 Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as...
China’s Fujian Province Braces for Super Typhoon Meranti September 12, 2016 Already equivalent to a Category 4 hurricane with maximum 10-minute sustained winds of 115 knots (212 km/h, 132 mph), super...
Axis CEO Says Acquisition Still in Play Despite Striking Out on PartnerRe September 12, 2016 By Oliver Suess and Jan-Henrik Foerster Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking...
Hub International Acquires Canadian Agency, New Dimensions Underwriters September 12, 2016 Global insurance broker Hub International Ltd. has acquired New Dimensions Underwriters Ltd. Based in Edmonton, Alberta, Canada, New Dimensions is...
Hancock Exits RSA for Role at Lloyd’s September 12, 2016 General insurer RSA said that Jon Hancock, managing director of UK commercial lines and global broker relationship director, is leaving...
Chubb Promotes Keaney to International High Net Worth Underwriting VP September 12, 2016 Chubb announced that Jamie Keaney, formerly European Personal Risk Services underwriting manager, has been promoted to the new role of...
Top 25 Non-Life Reinsurers: Swiss Re Leads, Berkshire Drops in A.M. Best’s 2016 Ranking September 12, 2016 Swiss Re landed on top of a ranking of global non-life reinsurers, just edging out Munich Re by a few...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon September 12, 2016 Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering...
London’s BMS Re Acquires Texas Reinsurance Broker September 9, 2016 London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations....
China Opens Link for Insurers to Invest in Hong Kong Stocks September 9, 2016 China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed...