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...
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...
Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival July 30, 2015 By Ben Stupples Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger...
Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s July 30, 2015 By Ben Stupples Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance...
Oaktree-Backed Insurer Seeks to Raise $2 Billion, Plans IPO Within Five Years March 30, 2015 By Devin Banerjee and Sonali Basak Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that’s seeking to raise $2 billion with plans...
Brit Chief Says Excess Capital Will Spark More Mergers & Acquisitions February 26, 2015 By Sarah Jones Brit plc Chief Executive Officer Mark Cloutier said an excess of insurance industry capital will force more executives to sell...
Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues February 17, 2015 By Sarah Jones Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion February 17, 2015 Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit...
Sandy Loss Estimates: Lancashire – $40 to $60 Mn; Maiden Holdings – $25 to $35 Mn December 20, 2012 Bermuda and London-based insurer Lancashire Holdings Limited has estimated that the “net impact on its fourth quarter financial results from...