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Ace-Chubb vote expected in October

Shareholders are expected to vote on Ace's proposed $28.3bn acquisition of Chubb by the end of October.

Dan Ascher, 23 July 2015
Peak Re expands into Caribbean with Nagico stake

Fosun-owned reinsurer Peak Re has agreed to acquire a 50 percent stake in Caribbean insurance group Nagico Holdings, as it looks to expand its presence beyond Asia.

Himal Patel, 23 July 2015
ANV MGU adds new professional liability product

ANV's managing general underwriting (MGU) segment has hired former Markel underwriter John Birkhofer to spearhead a push into North American professional liability business, the company said today.

Adam McNestrie, 23 July 2015
US commercial property insurance price falls ‘accelerate dramatically’: Marsh

The softening market for US commercial property insurance "accelerated dramatically" after 1 April, according to Marsh's US property practice leader Duncan Ellis.

David Bull, 23 July 2015
PartnerRe and Axis take Exor to task over tax treatment

Despite appearing to soften its stance towards Exor over the last 48 hours, PartnerRe's board has issued a joint statement with would-be merger partner Axis that continues to challenge the Italian investment vehicle over the tax implications of its offer.

David Bull, 23 July 2015
Allied World profits slide on weather losses

Allied World reported second quarter operating profits that dropped 66 percent to $25.8mn as weather losses hit the (re)insurer's bottom line.

David Bull, 23 July 2015
Axis and PartnerRe call halt to integration work

Axis and PartnerRe have stopped all work on integrating the two companies after PartnerRe offered to enter due diligence with Exor following its improved $140.50 per share offer.

Himal Patel, 22 July 2015
Garrison to lead Allied World’s Asia-Pac push

Allied World has hired Starr Companies chief underwriting officer Michael Garrison to head up the Asia Pacific division of its global markets business.

Charlie Thomas, 22 July 2015
Fitch upgrades Scor, Swiss Re and Munich Re

Fitch Ratings has upgraded Munich Re's insurer financial strength rating (IFS) from AA- to AA, with European rivals Scor and Swiss Re upgraded to AA- from A+.

Charlie Thomas, 22 July 2015
Ace beats despite FX top and bottom line impact

Foreign exchange headwinds contributed to Ace Limited reporting a modest drop in operating profits but the insurer nevertheless beat Wall Street forecasts for the second quarter.

David Bull, 22 July 2015

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