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AM Best withdraws PacRe rating

AM Best has withdrawn its rating on Validus's hedge fund reinsurer PacRe at the company's request

Catrin Shi, 12 August 2015
Willis completes Taiwan acquisition

Willis has completed the acquisition of Taiwanese specialist broker Elite Risk Services, the company announced today (12 August).

Catrin Shi, 12 August 2015
Wells Fargo to offload crop business

Wells Fargo has launched an auction for its crop insurance business after regulatory restrictions on US banks forced the board to reconsider underwriting insurance

Charlie Thomas, 12 August 2015
Life impairment hits Talanx Q2

Germany-headquartered (re)insurance group Talanx saw its profits fall by 17.5 percent in Q2 after the group was hit by goodwill impairment and a number of large losses.

Charlie Thomas, 12 August 2015
XL makes Goldman’s conviction buy list

Goldman Sachs today (11 August) upgraded XL Group to its celebrated "Conviction Buy" list, saying the (re)insurer has "plenty of options" to enhance shareholder returns.

Catrin Shi, 11 August 2015
Sumitomo Life buys Symetra for $3.7bn

Japanese mutual Sumitomo Life has agreed to acquire US life insurer Symetra Financial for $3.73bn, as carriers in the country continue to diversify their holdings internationally.

Charlie Thomas, 11 August 2015
Fairfax delays Watsa control vote again

Fairfax Financial has postponed tomorrow's (12 August) vote to consider preserving the current voting power of multiple shares controlled by chairman and CEO Prem Watsa until 24 August, the firm announced today

Charlie Thomas, 11 August 2015
XL Group buys US specialty entertainment insurer

XL Group is to acquire specialty entertainment insurer Allied International Holdings via its US subsidiary XL America, it was announced today (11 August).

Catrin Shi, 11 August 2015
Navigators settles North Korean sanction dispute

Navigators has paid the US government more than a quarter of a million dollars to settle allegations that it breached sanctions by insuring North Korean ships

Dan Ascher, 11 August 2015
Tokio Marine Kiln syndicates deliver strong 2013/14 forecasts

Tokio Marine Kiln Syndicates (TMK) has upgraded profit forecasts for its flagship Syndicate 510 for the 2013 and 2014 years of account

Charlie Thomas, 11 August 2015

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