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S&P and Fitch place PartnerRe on negative watch
Ratings agencies Standard & Poor's (S&P) and Fitch have placed PartnerRe on rating watch negative following the announcement of its proposed merger with Axis
Charlie Thomas
,
27 January 2015
Bid-rigging severance claim by former Marsh execs dismissed
Attempts by two former Marsh executives to sue for severance pay and stock awards after they were cleared in a bid-rigging probe were dismissed by a US District Judge today (26 January).
David Bull
,
27 January 2015
Brown & Brown reports 3.3% organic growth for Q4
US broker Brown & Brown reported organic growth of 3.3 percent for the fourth quarter and a 50 basis points (bps) increase in adjusted margin to 30.9 percent.
David Bull
,
27 January 2015
RLI beats Q4 earnings forecasts
RLI Corp kicked off the reporting season for US specialty insurers by comfortably beating earnings forecasts for the fourth quarter.
David Bull
,
27 January 2015
Axis shares outperform PartnerRe on merger economics
Axis shares were trading up close to 7.5 percent at $53.01 in New York this afternoon as investors reacted positively to a proposed $11bn merger with Bermudian rival PartnerRe.
David Bull
,
27 January 2015
HIIG raises $70mn to finance 2015 growth
Houston International Insurance Group, the fast-expanding group led by industry entrepreneur Stephen Way, has raised an additional $70mn from its shareholders to finance the company's growth.
27 January 2015
The Insider 30
Share price data on The Insurance Insider's universe of P&C (re)insurers
26 January 2015
JLT shares soar as Willis wilts
Global P&C (re)insurance stocks rose again last week, with The Insider 30 reporting a 1.3 percent increase over the past seven days.
26 January 2015
Cayman Islands ushers in new portfolio legislation
Insurers currently structured as segregated portfolio companies (SPCs) in the Cayman Islands have been granted the legal right to transact business between separate portfolios.
26 January 2015
PRA pushes for global capital standard despite US doubts
The Prudential Regulation Authority (PRA) is backing the creation of a global insurance capital standard despite misgivings from US trade bodies, according to the PRA's executive director of insurance Paul Fisher.
26 January 2015
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