Reinsurance company IPC Holdings Ltd said Tuesday it has held talks with suitor Validus Holdings Ltd but it has also solicited takeover interest from other companies. IPC, which has launched a search for a new chief executive offer, said it …
Big European reinsurers said on Friday that they still expected no major losses from an influenza outbreak that the World Health Organization (WHO) this week declared the first flu pandemic of the 21st Century. “The WHO moving to phase 6 …
American International Group Inc. said Thursday it will sell a part of its 59 percent stake in reinsurer Transatlantic Holdings Inc. to the public in a secondary offering, marking its latest divestiture. AIG, which is trying to pay back the …
Reinsurers have begun 2009 determined to wrest back the initiative from a period of softening rates and savagely declining investment returns. As a consequence, underwriters are increasingly being governed by the financiers dictating a return on capital and forcing through …
Mutual Boiler Re, a Malvern, Pennsylvania based equipment breakdown reinsurer, said it will now pay for its insureds’ boiler and pressure vessel certificate issuance fees and inspection costs in the nine U.S. jurisdictions that charge equipment owners directly for such …
Reinsurers’ tough talk about raising prices on the risk cover they sell to insurers may have rung hollow before, but this time the promise is credible. Reinsurance companies such as global leader Munich Re have been flexing their muscles, predicting …
Reinsurers’ tough talk about raising prices on the risk cover they sell to insurers may have rung hollow before, but this time the promise is credible. Reinsurance companies such as global leader Munich Re have been flexing their muscles, predicting …
According to a just issued report from Willis Re, the reinsurance broking arm of Willis Group Holdings, “the global reinsurance industry has remained substantially unscathed by the unprecedented turmoil in the global capital markets, with a capital base still largely …
Standard & Poor’s Ratings Services has revised its outlook on White Mountains Insurance Group Ltd. (WTM), OneBeacon Insurance Group Ltd. (OB), and the members of OneBeacon Insurance Group (OneBeacon) to negative from stable. S&P also affirmed its ‘BBB’ counterparty credit …
Standard & Poor’s Ratings Services said in a report published today that reinsurers have had sufficient excess capital available to absorb the shocks of the past year, but much of that cushion has now been eroded. The report, titled “Global …
