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Intesa confirms interest in Generali bid

Italian bank Intesa Sanpaolo has confirmed it is evaluating "possible industrial combinations" with Generali following reports which named the carrier as a takeover target.

Matthew Neill, 25 January 2017
Travelers details auto headwinds in Q4 results

Travelers opened the earnings season for property and casualty insurers by reporting some record numbers leavened by a persistent headwind from personal auto coverage, leading at least one analyst to cut his 2017 earnings forecast

Ted Bunker, 25 January 2017
XL Catlin adds excess casualty trio

XL Catlin has appointed three commercial and excess liability underwriters to join its offices in Dallas, Texas and Kansas City, Missouri, the (re)insurer announced today.

Dan Ascher, 25 January 2017
Fairfax reportedly assembling Allied World financing pieces

Fairfax Financial is reported to be close to obtaining at least $1.8bn of financing needed to close its acquisition of Allied World for $4.85bn in a combination of cash and stock.

Ted Bunker, 25 January 2017
German carrier Sovag holds strategic review

Hamburg-headquartered (re)insurer Sovag is conducting a strategic review of its operations and also looks set to secure an imminent capital injection from its financial backers to support its future plans.

Adam McNestrie, 25 January 2017
Munich Re US taps Mozeika to lead InsurTech initiatives

Munich Re US has named Robert Mozeika as its innovation executive to both connect clients with useful developments produced in the InsurTech space and to prospect for potential investment opportunities.

Ted Bunker, 25 January 2017
Castelo takes up position as head of Mapfre US

Alfredo Castelo has taken his seat as president and CEO of Mapfre’s US and North American operations, the global insurer announced today.

Dan Ascher, 25 January 2017
Reinsurers ‘more circumspect’ about pricing: JLT Re CEO

Reinsurers resisted attempts by cedants to secure further rate reductions during the 1 January renewals season, JLT Re CEO Mike Reynolds said today in a lecture at Lloyd's Old Library.

Bernard Goyder, 24 January 2017
Berkshire loss on AIG deal a remote possibility: analyst

AIG would need to take almost $10bn of reserve charges for Berkshire Hathaway to make an overall loss on the mammoth $34bn legacy deal concluded by the two parties last week, according to Credit Suisse

Catrin Shi, 24 January 2017
Kaufman Financial acquires Essential Insurance Services

Michigan-based specialty insurance company Kaufman Financial Group has acquired premium audit provider Essential Insurance Services for an undisclosed price.

Matthew Neill, 24 January 2017

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