Reinsurance

Third Point Reinsurance doesn't expect to make any mergers in the near term.

Munich Re plans to raise its dividend even after fourth-quarter profit declined 42% on investments and goodwill impairments.

PartnerRe jumped in New York trading after Insurance Insider reported that the reinsurer, which agreed last month to merge with Axis, might draw bids from rivals to break up the deal.

Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage.

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.

Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy.