European insurance stocks rebound on stimulus hopes

European (re)insurance markets recovered some of their heavy losses in early trading on Tuesday, which followed a rebound in Asia-Pacific stocks as investor confidence grows on the launch of new stimulus measures to soften the economic blow from the global coronavirus outbreak.

Tue 10 Mar 2020

Asia-Pacific (re)insurance markets rise after historic rout

Asia-Pacific (re)insurance stocks rebounded on Tuesday following an historic rout a day earlier as investors pin their hopes on stimulus measures launched by policymakers to shore up the world economy from collapse on the global coronavirus outbreak.

Tue 10 Mar 2020

Too big to fail?

Yesterday morning brought home a series of ugly flashbacks from the financial crisis of 2008-09.

Tue 10 Mar 2020

AIG tipped for rebound after shares slump 13% to ten year low

Futures trading has indicated that shares in AIG will climb almost 5 percent at the opening bell on Tuesday after the US insurance giant became one the largest fallers in yesterday’s historic rout, closing down 13.3 percent at $32.81 per share.

Tue 10 Mar 2020

Moody’s hands WTW positive outlook on Aon merger

Moody’s has upgraded the rating outlook of Willis Towers Watson to positive from stable following the company’s announcement that it has agreed to combine with insurance broker Aon in an all-stock transaction that values WTW at about $30bn.

Tue 10 Mar 2020

Aon could pay Willis $1bn if deal fails to clear antitrust hurdles

Aon could pay Willis Towers Watson a $1bn fee if the deal to combine the firms is terminated because of certain circumstances relating to the failure to secure antitrust and competition clearances.

Tue 10 Mar 2020

US insurance stocks slashed during Monday trading

Insurance stocks took a heavy hit during Monday’s trading as markets around the world took heed of the growing threat posed by the novel coronavirus COVID-19.

Tue 10 Mar 2020

Aon’s WTW deal has “potential” to enhance business profile, says S&P

Aon’s proposed acquisition of Willis Towers Watson “has the potential” to enhance the former’s business profile owing to the additional strength it will garner in the middle-market space, S&P Global Ratings believes.

Tue 10 Mar 2020

Aon-WTW Day 1 reflections: A Case of timing

Willis Towers Watson shares closed down 7.5 percent and Aon shares plunged 16.7 percent as the biggest broker M&A deal in history was swept up in the worst market rout since 2008.

Mon 9 Mar 2020

Greenlight Re strategic review “not yet complete”, cat losses bite in Q4

Greenlight Capital Re has revealed that its strategic review process is still not finished while reporting an underwriting loss for the fourth quarter.

Mon 9 Mar 2020

Former NY Insurance Superintendent Dinallo makes Debevoise return

Former New York State Insurance Superintendent Eric Dinallo has returned to law firm Debevoise & Plimpton to chair its insurance regulatory practice.

Mon 9 Mar 2020

US commercial rates up over 6% in Q4: WTW’s CLIPS

US commercial insurance price increases accelerated further in 2019’s fourth quarter, to over 6 percent, according to Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey (CLIPS).

Mon 9 Mar 2020

Nexus subsidiary to acquire Howden UK’s trade credit business

Xenia Broking Group (Xenia), a Nexus Group-owned intermediary, has agreed to acquire Howden’s UK trade credit portfolio, consisting of Birmingham, Glasgow, Manchester and Cardiff-based business.

Mon 9 Mar 2020

BMS takes former Paragon duo to grow M&A unit

Expansive broker BMS has appointed former Paragon International Insurance Brokers pair Sophie Wallace and Dean Andrews as divisional directors in its recently established private equity, M&A and tax division.

Mon 9 Mar 2020

AM Best US P&C downgrades hit five-year record

AM Best rating downgrades in the US property and casualty industry exceeded upgrades for the first time in five years during 2019.

Mon 9 Mar 2020

Aon-Willis about being better not bigger to address unmet demand: Case

Mon 9 Mar 2020