Search | The Insurer TV

Peak Re sells 13% stake to Prudential Financial

News

M&A

Peak Re sells 13% stake to Prudential Financial

Fosun-owned Hong Kong reinsurer Peak Re has struck a deal to sell 13.1 percent of its equity to US-based carrier Prudential Financial.

Tue 13 Feb 2018

News

Results

Arch beats estimates as profits surge

Arch Capital delivered an expectation-topping $187.4mn operating profit in the fourth quarter as it dodged significant losses from the catastrophes that plagued the industry in the final months of 2017.

Tue 13 Feb 2018

News

Losses

Lloyd’s yacht market in deep water after 2017 losses

Sky-rocketing claims dealt Lloyd’s yacht underwriters a hefty blow last year as incurred claims soared to an eye-watering 221.4 percent of premium written in the fourth quarter.

Mon 12 Feb 2018

News

Aviation

Marsh criminal complaint puts aviation brokers in the spotlight again

News that four Marsh brokers are the subject of a criminal complaint over use of client information in the Philippines has once again again raised questions around broking practices in the aviation space.

Mon 12 Feb 2018

Swiss Re shares finish the week flat despite Softbank investment rumours

News

Results

Swiss Re shares finish the week flat despite Softbank investment rumours

Shares in Swiss Re closed flat last week despite reports suggesting Japanese investment giant Softbank was eyeing a $10bn in the big-four reinsurance giant.

Mon 12 Feb 2018

Comment

Results

XL or XXL?

Ten years ago, $1bn was the default minimum size for a global reinsurer/specialty carrier to be taken seriously.

Mon 12 Feb 2018

UPDATE: CNA climbs 5% after reserve releases help Q4 beat

News

Results

UPDATE: CNA climbs 5% after reserve releases help Q4 beat

CNA shares have surged over 5 percent in early trading in New York after the firm delivered a $286mn fourth quarter profit as the group’s $38mn of catastrophe losses was more than offset by reserve releases.

Mon 12 Feb 2018

StarStone swoops on ArgoGlobal for crisis management underwriter

News

People Moves

StarStone swoops on ArgoGlobal for crisis management underwriter

StarStone has appointed Andrew Summers senior political risk underwriter to join its newly launched crisis management division.

Mon 12 Feb 2018

News

Energy

BHSI moves into Dubai with AIG energy hire

Berkshire Hathaway’s specialty operation BHSI is set to open shop in Dubai after receiving regulatory approval and hiring AIG’s global head of energy and engineered risks Alessandro Cerase.

Mon 12 Feb 2018

News

Marine

Brit expands US marine operations

Brit has made two appointments to its US marine business and it continues to build out its yacht and cargo books in the wake of catastrophe losses incurred in the second half of last year.

Mon 12 Feb 2018

Calamos demands Exin audits as it looks to claw back default loans

News

Legal/ Regulatory

Calamos demands Exin audits as it looks to claw back default loans

The Greek-American billionaire John Calamos has asked an Illinois court to see a full audit of Exin’s financials as part of an attempt to claw back over $41mn extended to Matt Fairfield’s company as part of its ongoing attempts to buy Greek state insurer Ethniki, according to documents obtained by re-Insurance.com.

Fri 9 Feb 2018

JP Morgan makes U-turn on $14bn Allianz–XL deal outlook

News

Results

JP Morgan makes U-turn on $14bn Allianz–XL deal outlook

After initial scepticism, JP Morgan now says Allianz’s rumoured bid for Bermudian XL Group could make sense for the German heavyweight’s shareholders even at a hefty take out price of $14bn - or around $54 a share.

Fri 9 Feb 2018

News

Results

UPDATE: AIG shares climb almost 5% after results

Shares in AIG were up almost 5 percent when the opening bell rang at the New York Stock Exhange this morning after the US insurance giant announced its fourth quarter and full year results.

Fri 9 Feb 2018

Aspen’s O’Kane ‘ruling nothing out’ regarding M&A

News

M&A

Aspen’s O’Kane ‘ruling nothing out’ regarding M&A

The CEO of Bermudian (re)insurer Aspen Chris O’Kane has said the (re)insurer is “open minded” to a strategic review that could ultimately lead to a sale process.

Thu 8 Feb 2018

Analysis

Results

XL, Aspen and the M&A barometer

As XL Group’s share price spiked over 12 percent last night in the midst of Softbank’s bold wade into the (re)insurance arena with a mooted minority stake in Swiss Re, the industry’s M&A speculation barometer shot through the roof.

Thu 8 Feb 2018

Marsh executives face criminal complaint in fresh aviation scandal

News

Legal/ Regulatory

Marsh executives face criminal complaint in fresh aviation scandal

Some of Marsh’s top executives in Asia as well as members of its aviation team are the subject of a criminal complaint in the Philippines after allegedly sharing confidential client information.

Thu 8 Feb 2018