Endurance Specialty Holdings agreed to buy Montpelier Re for about $1.83 billion in cash and stock months after abandoning a hostile bid for another Bermuda-based insurance company.
Two Aflac executives listed as most powerful women in business, appointments at Arbella, new programs at Specialty Insurance, XL Group unveils new video training, and FM Global released 2014 numbers.
Two Aflac executives listed as most powerful women in business, appointments at Arbella, new programs at Specialty Insurance, XL Group unveils new video training, and FM Global released 2014 numbers.
XL Group CEO Mike McGavick said employees who are worried about disruption from his companys planned purchase of Catlin Group should think twice about jumping ship.
Axis Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry.
For 48 publicly traded property and casualty companies across various industry subsectors, aggregate operating earnings increased by 30% in 2013 compared to 2012, thanks to improved underwriting results due to lower catastrophe losses.
Reinsurers are adapting to the threat posed by alternative capital by expanding their presence in the capital markets themselves, especially with sidecars and insurance-linked securities, according to two recent reports.
See charts and analysis breaking down the 2013 performance of five P&C subsectors: commercial diversified, regionals, specialty commercial, personal writers and reinsurance.