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...
Canopius & Sompo Form Global Reinsurance Unit, Sompo Canopius Re September 14, 2015 Canopius Group AG* announced the formation of an integrated global business unit to manage the assumed reinsurance business previously written...
ProSight Specialty Managing Agency Appoints Furgueson as Managing Director September 14, 2015 ProSight Specialty Insurance has appointed Michael Furgueson as managing director of ProSight Managing Agency, succeeding Bernard Mageean, who has decided...
Who Will Be Next? M&A Trends to Be Eyed at Monaco Reinsurance Meeting September 11, 2015 By Carolyn Cohn and Jonathan Gould A prolonged decline in global reinsurance prices is spurring merger moves in the sector, with many executives attending next week’s...
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...
Asta Managing Agency Launches Everest Syndicate 2786 September 10, 2015 Asta Managing Agency Ltd. and Everest Re Group Ltd. announced the Lloyd’s Franchise Board has granted “in principle” approval to...
Update: Lloyd’s of London H1 Profit Decreases 28% on Competitive Pressures September 10, 2015 Lloyd’s of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained...
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...
Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals September 8, 2015 By Komaki Ito and Sarah Jones MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3...
Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself September 1, 2015 Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in...