WTW, building

Carriers finally ‘called time’ on rate reductions: Willis


“Already on the ropes and fatigued” (re)insurers have finally “responded to the towel entering the ring” to call time on rate reductions, according to a report from Willis Towers Watson.

Hurricane irma satshot

Lancashire execs buy stock after heavy falls


A number of Lancashire’s leading executives and directors bought up shares in the carrier as trading came to a halt last Friday following a week in which a catastrophe-scarred set of Q4 results sent the stock down over 14 percent.

Zurich, Switzerland

Softbank looks for Swiss Re board seat


Softbank, the Japanese tech conglomerate that stunned markets last week after reports emerged it was mulling a $30bn stake in Swiss Re, is pushing for a seat on the carrier’s board in a bid to have a say in how the reinsurer spends its $161bn investment pot.

UK Parliament

Pool Re caught in political tides

All too often the insurance industry is the whipping boy for headline-grabbing politicians after a catastrophe, and this was evident in the aftermath of the London Bridge attacks last year.

Monster truck

XL or XXL?

Ten years ago, $1bn was the default minimum size for a global reinsurer/specialty carrier to be taken seriously.

Stock Markets

Volatile times return so beware any CEO that dares disappoint...

That was fun wasn’t it? After several years of low volatility, soaring asset valuations and governments being paid to take on debt, global investors were reminded yesterday and today that the value of their investments can go down as well as up.

Mike McGavick, XL Group

XL, Aspen and the M&A barometer

As XL Group’s share price spiked over 12 percent last night in the midst of Softbank’s bold wade into the (re)insurance arena with a mooted minority stake in Swiss Re, the industry’s M&A speculation barometer shot through the roof.

Gary Andrews

100+ Tysers staff to benefit from imminent Integro sale

The process has taken the best part of a year but if the £110mn+ sale of the venerable Lloyd’s broker Tysers to Integro completes later in February – as expected – then more than one hundred existing and former Tysers staff will benefit from the sale, analysis by Reinsurance highlights.

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Results Round-up: Brokers fly as carriers nosedive

The Q4 results season kicked-off in earnest last week with a boost for the brokers after solid performances by Brown & Brown and Arthur J Gallagher (AJG) while the first signs of a hard-loss quarter for carriers emerged.

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