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ECB’s QE will hit insurers’ returns
The European Central Bank (ECB)'s decision to launch EUR1.1trn of asset purchases over the next 18 months has been described as "bad news" for insurers' investment portfolios by asset managers.
Charlie Thomas
,
26 January 2015
Former Willis exec arrested
Simon Higginson, the former Willis executive director who was sued by the broker for allegedly receiving "secret commissions", was also arrested last year on suspicion of fraud, The Insurance Insider understands.
Dan Ascher
,
26 January 2015
News digest
Juno a storm's coming?; Carpenter for Flood; Casey leaves BNP Paribas; Thaler through; China change; Bumsted passes away; Catastrophe fund; Micro men; Quindell in talk; A+ for FM Global; Reuben for Allied World; Vamos a la Laya; BMS's Bustillo; Howden Binding cargo; PaCRe perusal; Third Point minus 2 points
Charlie Thomas
,
26 January 2015
Ironshore IPO now expected in H2
Major US excess and surplus lines insurer Ironshore is now unlikely to press ahead with its planned flotation on the New York Stock Exchange until the second half of the year, The Insurance Insider can reveal.
Adam McNestrie
,
26 January 2015
Apollo in exclusive $300mn Chaucer motor talks
Apollo Global Management, the multi-strategy investment heavyweight, is close to acquiring Chaucer's $300mn UK motor book and has hired the former Giles CEO Brendan McManus to lead the venture, The Insurance Insider can reveal.
Peter Hastie
,
26 January 2015
Brood II
The infamous Brood II cicada of Northeast America lives most of its life as a nymph underground, munching happily on the roots of trees.
Mark Geoghegan
,
26 January 2015
Axis-Partner deal vulnerable to rival bids
The nil-premium structure of the deal agreed between Axis and PartnerRe leaves both parties open to rival takeover approaches that could destabilise or destroy the proposed transaction.
Adam McNestrie
,
26 January 2015
Novae builds cyber team with class underwriter hire
Novae has appointed James Creasy as class underwriter in its cyber division, the London-listed Lloyd's insurer announced today (26 January)
26 January 2015
Axis and PartnerRe agree $11bn merger
Axis Capital and PartnerRe have agreed an $11bn "merger of equals" that will create a company with combined gross premiums in excess of $10bn and a top-five ranking among global reinsurers.
David Bull
,
26 January 2015
Flood Re names Guy Carp as reinsurance broker
Guy Carpenter has been selected as the reinsurance broker for the UK government's flood reinsurance backstop Flood Re.
Charlie Thomas
,
23 January 2015
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