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PartnerRe to stick with Axis after improved offer

PartnerRe's board has risked the ire of its shareholders by continuing to recommend a "merger" with Axis on the basis of an enhanced offer for the company valuing the business at $125.58 per share.

Adam McNestrie, 04 May 2015
Fosun continues insurance spree with $1.84bn Ironshore buy-out

Chinese conglomerate Fosun International is continuing its acquisition spree with a deal to buy the 80 percent it doesn't already own of Ironshore for consideration of at least $1.84bn.

David Bull, 04 May 2015
Underwriters not a focus for redundancies: McGavick

XL Catlin has said that cost synergies following from its M&A deal, which closed earlier today, are likely to be significantly in excess of the $200mn figure disclosed under UK Takeover Code provisions.

01 May 2015
Axis refuses to discuss second PartnerRe bid

More than a fortnight after the Agnelli family entered the fight to acquire PartnerRe, Axis Capital CEO Albert Benchimol declined to answer questions about the competing bid or to address the possibility that his company would increase its offer.

Adam McNestrie, 01 May 2015
Insurers allege $64.4mn fraud in ‘massive conspiracy’

A number of Lloyd's insurers have alleged that the owners of a vessel destroyed in suspicious circumstances are guilty of a "massive conspiracy" in a case that has been linked to the murder of a British loss adjuster.

Dan Ascher, 01 May 2015
Aon Risk Solutions reports 3% growth

Global broker Aon's (re)insurance broking segment posted organic revenue growth of 3 percent for the first quarter of 2015.

Jenny Messenger, 01 May 2015
JLT US specialty headcount hits 130

London-listed broker JLT said it performed in line with expectations in the first four months of 2015 despite challenging pricing conditions, adding that it had made "good progress" in the build-out of its US specialty business.

Himal Patel, 01 May 2015
30% vote against Brindle exit package

A resolution to approve Lancashire founder Richard Brindle's retirement remuneration package was opposed by 29.7 percent of voters at the carrier's annual general meeting (AGM), held on 29 April.

Jenny Messenger, 01 May 2015
Islamic Insurance Association of London launched

The Lord Mayor of London Alan Yarrow launched the Islamic Insurance Association of London at an event at Mansion House yesterday morning (30 April).

Dan Ascher, 01 May 2015
ICA declares Sydney hailstorm a catastrophe

The Insurance Council of Australia (ICA) has categorised the hailstorm that struck Sydney on 25 April a catastrophe, after its initial loss estimate breached A$60mn.

Jenny Messenger, 01 May 2015

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