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Man-made losses, including from the collapse of a bridge in Genoa, Italy, that killed 43 people, added $300 million.
The transaction will increase the amount raised by Generali from divestments to about 1.5 billion euros.
The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re.
The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re.
CEO Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe.
CEO Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe.
The storm shifted to Floridas Gulf Coast over the weekend, sparing Miami a direct hit and prompting risk modeler AIR Worldwide to say the maximum cost for insurers on Irma is $40 billion.
Lloyds of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc.
Axa SA, Frances largest insurer, said it will stop investing in tobacco and divest all of its $2 billion of assets in the industry.
Zurich puts to work excess cash left over from a separate takeover bid that it abandoned this year.
{ "author": { "name": "Ross Larsen", "webUrl": "/author/profile/ross-larsen/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 10, "social": [], "articles": [ { "uri": "/2018/10/18/italian-bridge-tragedy-adds-to-large-claims-at-swiss-re/", "title": "Italian bridge tragedy adds to 'large' claims at Swiss Re", "byline": "Ross Larsen and Patrick Winters", "kicker": "News", "prettyDate": "October 18, 2018", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/10/genoa-italy-bridge-collapse-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/ross-larsen/", "name": "Ross Larsen" }, { "webUrl": "/author/profile/patrick-winters/", "name": "Patrick Winters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Man-made losses, including from the collapse of a bridge in Genoa, Italy, that killed 43 people, added $300 million.", "body": null }, { "uri": "/2018/07/19/generali-agrees-to-sell-wealth-services-units-for-476-million/", "title": "Generali agrees to sell wealth, services units for $476 million", "byline": "Ross Larsen", "kicker": "News", "prettyDate": "July 19, 2018", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/07/deal-handshake-fotolia.jpg", "width": "616", "height": "373" }, "authors": [ { "webUrl": "/author/profile/ross-larsen/", "name": "Ross Larsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The transaction will increase the amount raised by Generali from divestments to about 1.5 billion euros.", "body": null }, { "uri": "/2018/05/29/swiss-re-open-to-anchor-investor-as-softbank-talks/", "title": "Swiss Re 'open' to anchor investor as SoftBank talks fail", "byline": " Patrick Winters and Ross Larsen ", "kicker": "News", "prettyDate": "May 29, 2018", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/swiss-re-building-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/patrick-winters/", "name": "Patrick Winters" }, { "webUrl": "/author/profile/ross-larsen/", "name": "Ross Larsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re.", "body": null }, { "uri": "/2018/05/29/swiss-re-open-to-anchor-investor-as-softbank-talks-fail/", "title": "Swiss Re 'open' to anchor investor as SoftBank talks fail", "byline": "Patrick Winters and Ross Larsen", "kicker": "News", "prettyDate": "May 29, 2018", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/swiss-re-building-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/patrick-winters/", "name": "Patrick Winters" }, { "webUrl": "/author/profile/ross-larsen/", "name": "Ross Larsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re.", "body": null }, { "uri": "/2018/03/21/lloyds-of-london-ceo-says-insurance-policies-at-risk-without-brexit-fix/", "title": "Lloyd's of London CEO says insurance policies at risk without Brexit fix", "byline": "Jack Sidders and Ross Larsen", "kicker": "News", "prettyDate": "March 21, 2018", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/03/lloyds-of-london616-building-entry-AlstairGrant-AP_17089394229507.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jack-sidders/", "name": "Jack Sidders" }, { "webUrl": "/author/profile/ross-larsen/", "name": "Ross Larsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "CEO Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe.", "body": null }, { "uri": "/2018/03/21/lloyds-of-london-ceo-says-insurance-policies-at-ri/", "title": "Lloyd's of London CEO says insurance policies at risk without Brexit fix", "byline": " Jack Sidders and Ross Larsen ", "kicker": "News", "prettyDate": "March 21, 2018", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/03/lloyds-of-london616-building-entry-AlstairGrant-AP_17089394229507.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jack-sidders/", "name": "Jack Sidders" }, { "webUrl": "/author/profile/ross-larsen/", "name": "Ross Larsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "CEO Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe.", "body": null }, { "uri": "/2017/09/11/insurers-rally-from-florida-to-europe-as-irma-fears-abate/", "title": "Insurers rally from Florida to Europe as Irma fears abate", "byline": "Ross Larsen, Oliver Suess, Katherine Chiglinsky", "kicker": "News", "prettyDate": "September 11, 2017", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/ross-larsen-oliver-suess-katherine-chiglinsky/", "name": "Ross Larsen, Oliver Suess, Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The storm shifted to Floridas Gulf Coast over the weekend, sparing Miami a direct hit and prompting risk modeler AIR Worldwide to say the maximum cost for insurers on Irma is $40 billion.", "body": null }, { "uri": "/2017/03/30/lloyds-of-london-chooses-brussels-for-post-brexit-eu-hub/", "title": "Lloyd’s of London chooses Brussels for post-Brexit EU hub", "byline": "Oliver Suess, Ross Larsen", "kicker": "News", "prettyDate": "March 30, 2017", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/oliver-suess-ross-larsen/", "name": "Oliver Suess, Ross Larsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Lloyds of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc.", "body": null }, { "uri": "/2016/05/23/axa-to-divest-its-tobacco-industry-assets-worth-2/", "title": "Axa to divest its tobacco industry assets worth $2 billion", "byline": "Thomas Mulier, Ross Larsen", "kicker": "News", "prettyDate": "May 23, 2016", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/thomas-mulier-ross-larsen/", "name": "Thomas Mulier, Ross Larsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Axa SA, Frances largest insurer, said it will stop investing in tobacco and divest all of its $2 billion of assets in the industry.", "body": null }, { "uri": "/2015/12/18/zurich-buys-wells-fargo-crop-insurer-for-up-to-1-05-billion/", "title": "Zurich buys Wells Fargo crop insurer for up to $1.05 billion", "byline": "Ross Larsen, Jan-Henrik Förster, Bloomberg, Katherine Chiglinsky", "kicker": "News", "prettyDate": "December 18, 2015", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/ross-larsen-jan-henrik-frster-bloomberg-katherine-chiglinsky/", "name": "Ross Larsen, Jan-Henrik Förster, Bloomberg, Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Zurich puts to work excess cash left over from a separate takeover bid that it abandoned this year.", "body": null } ] } }
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