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No point in sticking to your knitting if no one buys woollens

It's amazing how secular trends work their way back and forth across the corporate world down the generations. They ebb and flow like the tides.

Mark Geoghegan, 06 March 2018
Alliant buys Hecht to extend Northwest P&C presence

Alliant Insurance Services has increased its property-and-casualty (P&C) footprint in the US Northwest with the acquisition of Hecht & Hecht, a Portland, Oregon broker, the buyer said today.

Anthony Baldo, 06 March 2018
Fema mulls tapping ILS market for more reinsurance

The Federal Emergency Management Agency (Fema) may tap the ILS market this year to supplement the reinsurance it purchased for the National Flood Insurance Program (NFIP), which would mark the agency’s first move into the alternative capital space.

Fiona Robertson, 05 March 2018
Axa to buy more reinsurance to curtail XL cat risk

Axa will look to significantly de-risk XL following its agreed $15.3bn acquisition of the (re)insurer by purchasing more reinsurance, CEO Thomas Buberl told analysts today.

Catrin Shi, 05 March 2018
Willis Towers Watson names Faber as CRB COO

Willis Towers Watson has appointed Alexis Faber as COO in its corporate risk and broking (CRB) segment.

Rachel Dalton, 05 March 2018
Bermuda carriers jump on XL deal news

Bermuda-based (re)insurers' shares bounced higher today in New York, led by a 7.5 percent jump for RenaissanceRe on news of Axa's $15.3bn bid to buy XL Group.

Ted Bunker, 05 March 2018
Axa Corporate Solutions’ Brown to stay on after XL takeover

Axa Corporate Solutions CEO Rob Brown and executive chairwoman Doina Palici-Chehab will stay on in their roles after the French parent closes its $15.3bn purchase of XL Group.

Laura Board, 05 March 2018
JP Morgan and Morgan Stanley act on Axa-XL deal

Axa retained JP Morgan to advise on its proposed acquisition of XL Group, while the Bermudian used Morgan Stanley as its investment bank for the $15.3bn deal, along with boutique Wall Street adviser Ardea Partners.

Bernard Goyder, 05 March 2018
Opinion: Who could counter-offer for XL?

Whenever a major deal is announced in this market, observers immediately get to work exploring the possibility that someone will gatecrash the party.

Catrin Shi, 05 March 2018
JLT Re hires Chaucer’s Hernandez

JLT Re (North America) has appointed Ariel Hernandez as senior vice president in Miami.

Rachel Dalton, 05 March 2018

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