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US commercial pricing continues decline in Q2: CIAB

Softening market conditions continued to encroach upon the US commercial P&C insurance market during the second quarter, according to The Council of Insurance Agents & Brokers (CIAB)

Himal Patel, 04 August 2015
Chinese money could herald new era for P&C sector

China Minsheng Investment (CMI)'s unexpected acquisition of reinsurer Sirius for upwards of $2.2bn highlights the potentially transformative impact that an influx of Chinese money could have on the global (re)insurance sector.

David Bull, 04 August 2015
CMI eyes more M&A with Sirius platform

China Minsheng Investment (CMI) is expected to use its $2.2bn+ acquisition of Sirius as a springboard for further insurance and reinsurance acquisitions.

David Bull, 04 August 2015
Sirius considering asset manager partner for legacy arm

Sirius is considering bringing in an asset management partner for its specialist legacy acquisition arm in a strategy that could also be applied across the reinsurer's live book of business, The Insurance Insider can reveal.

David Bull, 04 August 2015
News digest

China Re IPO; OneBeacon exits crop; Endurance adds to board; Kumar becomes GIC chief; RiiG launches claims academy; Motor market liberalisation; TigerRisk enters China; McGill takes Argo role; Peak Re hires Europe head; Asbestos deterioration

04 August 2015
Bill Berkley ends 50-year reign as CEO

Industry stalwart and self-made billionaire Bill Berkley announced his departure as CEO late last month after almost 50 years at the helm of WR Berkley.

Catrin Shi, 04 August 2015
OIL likely to pick up all of Nexen energy spill loss

Energy insurance mutual Oil Insurance Limited (OIL) is likely to pick up the whole of the loss for last month's Nexen oil sands spill, The Insurance Insider understands.

Adam McNestrie, 04 August 2015
Exor wins the M&A game, but what has it won?

Exor and its bankers played their hand masterfully by grinding PartnerRe's obdurate board into eventual submission and forcing Axis Capital to give in, its first-mover advantage long since played out.

Adam McNestrie, 04 August 2015
Axis Re Europe loses CEO

Stephan Knipper, CEO of Axis' substantial European reinsurance division in Zurich, quietly left the Bermuda-domiciled company earlier this year, The Insurance Insider has learned.

Adam McNestrie, 04 August 2015
Aon general aviation chief goes to Lockton

Mark Church, Aon's head of global general aviation, has left the company to join Lockton, The Insurance Insider understands.

Adam McNestrie, 04 August 2015

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