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Alleghany deal to lift Berkshire’s reinsurance premium to over $15bn
The transaction will create a reinsurance entity roughly on a par with Scor in terms of net reinsurance premium.
Ben Wylie
,
21 March 2022
Alleghany ratings unchanged after Berkshire announcement: AM Best
Berkshire Hathaway has agreed to buy the TransRe owner in an all-cash deal worth $11.6bn.
Samuel Casey
,
21 March 2022
Cargo insurers face $140mn+ losses from Walmart fire
Excess layers of the Marsh-brokered stock throughput policy are led by QBE and spread around the London market.
Samuel Casey
,
21 March 2022
US nat-cat losses in Q1 likely below average level: Siffert
BMS’s Andrew Siffert said losses from US winter-related storms and thunderstorms are likely to arrive at a below-average figure for Q1.
Luke Harrison
,
21 March 2022
Sompo International hires Silies as head of global marine and energy reinsurance
The incoming executive will report to Christopher Donelan, CEO of global reinsurance.
Aisling Finn
,
21 March 2022
Alleghany shares surge 25% to just below Berkshire Hathaway takeover price
The company’s stock is trading just below Berkshire’s offer of $848.02 per share.
Rachel Dalton
,
21 March 2022
Verisk reacts to DE Shaw criticism with new directors and insurance focus
DE Shaw issued a stinging rebuke to the company last week, and called for it to reposition as a pure-play insurance data firm.
Samuel Casey
,
21 March 2022
Russian sanctions threaten ~$100mn in WTW revenue
The embattled broker could stand to lose around $50mn in Ebitda as major economies shun Russian trade.
Rachel Dalton
,
21 March 2022
BLM and Clyde & Co to vote on prospective merger
A potential merger of the two firms was originally reported on in late 2019.
Luke Harrison
,
21 March 2022
Acord adds treaty placement to Adept’s data exchange functions
New treaty placement elements on the Adept platform will provide structured data exchange functions throughout the placement process.
Samuel Casey
,
21 March 2022
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