Validus Holdings Ltd offered to buy reinsurer Transatlantic Holdings Inc for about $3.5 billion in cash and stock, trumping Allied World Assurance Co Holdings’ all-stock offer. Validus offered 1.5564 in shares and a special dividend of $8 in cash for …
The ACE Group announced today that its ACE INA International Holdings, Ltd. subsidiary has acquired all of the outstanding shares it does not already own, or approximately 49 percent, of ACE Synergy Insurance Berhad in Malaysia from Advance Synergy Capital …
Starr Companies announced that Starr International Company, Inc. has been approved by the China Insurance Regulatory Commission [CIRC] as a strategic equity investor of Dazhong Insurance Company Limited of China. Starr International said the approval allows it, “through its subsidiary, …
Chartis, the general insurance subsidiary of American International Group, has announced the results of its cash tender offer by its wholly owned subsidiary, Chartis Japan Capital Company, LLC, for all of the outstanding common shares and stock acquisition rights of …
Insurer shares largely shrugged off the industry’s first round of damage estimates from this month’s earthquake in Japan, which may prove to be the world’s costliest disaster. Munich Re and Hannover Re, the world’s No.1 and No.3 reinsurers, penciled in …
MDS Holdings, the Iberian and Latin American insurance broking group, announced that it has acquired a “50 percent stake in Coral, the former Portuguese in-house broker of Salvador Caetano Group, the largest automotive business in the Iberian market. Following the …
Investors sold insurance shares Monday in fear of how high the total losses from Japan’s earthquake and tsunami will go, though it will take weeks to determine how much was actually lost. At least one set of experts pegged the …
Dutch bancassurer ING outlined plans for the expected early repayment of state aid it received during the credit crunch, further evidence of the Dutch financial sector’s recovery from the crisis. ING said on Monday that by May 2011 it will …
The Zurich Financial Services Group announced that it has it reduced its 20 percent stake in New China Life Insurance Co., Ltd. to 15 percent. Zurich said it has “agreed to sell 5 percent to undisclosed buyers.” The sale is …
Chartis Inc., the general insurance subsidiary of American International Group has announced a cash tender offer through its wholly-owned subsidiary, Chartis Japan Capital Company LLC (Chartis Japan LLC), for all common shares and stock acquisition rights of Fuji Fire and …
