Fairfax to Sell Shares for Brit Acquisition to Protect Credit Rating February 20, 2015 By Katia Dmitrieva Fairfax Financial Holdings Ltd.’s Prem Watsa, who said this week that issuing stock was one of his last options for...
Australian Tropical Cyclones Weaken After Destructive Winds Hit Coast February 20, 2015 By Ben Sharples Two severe tropical cyclones that lashed Australia’s north and east coasts with destructive winds have been downgraded after hitting the...
Greenlight Re Reports Q4 Net Income of $60.7 Million; $109.6 Million for Year February 19, 2015 Greenlight Capital Re Ltd., which is based in the Cayman Islands, reported net income of $60.7 million for the fourth...
Navigators Launches Lloyd’s-Based International Casualty Unit February 19, 2015 The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an...
Report Challenges Eliminating Deductibility of Foreign Reinsurance Premiums February 19, 2015 A report from the Tax Foundation challenges recent tax proposals including the White House’s 2015 budget that call for provisions...
PERILS Puts Initial Loss Estimate for Windstorm Elon-Felix at $374 Million February 19, 2015 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that its initial loss estimate of the insured...
ACE Launches Luxury Goods Practice for Continental Europe February 19, 2015 ACE Group announced the launch of a new luxury goods practice across Continental Europe. The launch of the practice follows...
Guy Carpenter Appoints Eagle as Head of International Analytics February 19, 2015 Guy Carpenter has appointed Matthew Eagle as managing director and head of international analytics. Eagle will be joining Guy Carpenter’s...
Swiss Re Plans $1.1 Billion Share Buyback; Q4 Net Income Hit February 19, 2015 By Oliver Suess Swiss Re AG, swimming in excess capital after several years of lower-than-expected disaster claims, plans to shift to share buybacks...
RSA Sells 26% Holding in India’s Royal Sundaram Alliance Insurance February 18, 2015 RSA Insurance Group plc announced that it agreed the sale of its 26 percent holding in Indian insurer Royal Sundaram...