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Willis North America Inc. announces offering of $250M of senior notes
Willis North America Inc., a subsidiary of global insurance broker Willis Group Holdings Limited, announced today that it has commenced a registered offering of...
Insurer Allianz to delist from NYSE and European stock exchanges
Allianz SE has provided written notice to the New York Stock Exchange (NYSE) of its intention to voluntarily delist its American Depositary Shares (ADS)...
Marsh completes acquisition of International Advisory Services Ltd
Marsh Inc., the world’s leading insurance broker and risk advisor, today announced it has completed the acquisition of International Advisory Services Ltd. (IAS), the...
Reinsurer SCOR to adjust the rights of bondholders
SCOR announced last week an adjustment to the rights of holders of bonds convertible and/or exchangeable into new or existing SCOR shares, coupon 4.125%...
The Japanese: Nippon Life Insurance Company will invest $500m in Prudential
Prudential Financial, Inc. (NYSE: PRU) announced today that Nippon Life Insurance Company, one of the world’s largest life insurance companies, has signed a definitive...
Franco-Belgian bank Dexia to sell French insurance unit
Dexia, the Franco-Belgian financial group, who announced few weeks ago to be strong enough to stay independent by the end of 2010 is now...
RSA Insurance Group interested in a new acquisition of £6 million
British general insurer RSA is considering acquisitions in the order of 600 million pounds ($1 billion) and may fund any deal by selling new...
Standard Life to sell China joint venture : Heng An Standard Life to bank of China
British insurer Standard Life announced on wednesday that the Chinese Regulators are in the final stages of approving a business combination whereby Bank of...
Brit Insurance confirms the employee share ownership plan (ESOP)
Brit Insurance Holdings PLC , the international general insurance and reinsurance group, confirms that this disclosure relates to a single transaction of which notification...
SCOR – Adjustment to the conversion/exchange ratio for OCEANE convertible bonds
SCOR SE announces an adjustment to the rights of holders of bonds convertible and/or exchangeable into new or existing SCOR shares, coupon 4.125% maturing...
Swiss-based insurer and reinsurer Glacier reports pre tax net income in rise for the first half 2009
Swiss-based insurer and reinsurer Glacier Group reported a 4% increase in pretax net income to $26 million (18.1 million euros) for the first half...
AIG enters into agreement to sell Asset Management business to Bridge Partners
American International Group, Inc. (AIG) today announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners,...
Reinsurer Capital on the Rebound
Aon Benfield, the reinsurance intermediary and capital advisor, reveals today that following the mild capital erosion in 2008, reinsurers’ capital base rebounded well in...
Insurance mergers and acquisitions activity to increase in 2010
The insurance industry will see a pick up in mergers & acquisitions (M&A) activity in 2010, according to Tony Ursano, Chief Executive Officer of...
Study reveals how the use of indices in insurance-linked securities benefits both (re)insurers and investors
According to Swiss Re’s new sigma study, “The role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit...
Reinsurance Market Resilient without Assistance
Aon Benfield's Reinsurance Market Outlook reveals the reinsurance market as an outstanding performer throughout the credit and liquidity crisis without assistance from governments, new...
Zurich continues to demonstrate year on year Dow Jones Sustainability Index improvements
Zurich Financial Services Group (Zurich) is pleased to announce that the Group in 2009 again met one of its ongoing corporate responsibility objectives -...
Munich Re may resume its share buyback program
German reinsurance company Munich Re AG expects more moderate growth in the economy "very soon" and may resume its share buyback program if markets...
RSA investors may back rights issue
Major shareholders in insurer RSA (RSA.L) would back the company's chief executive plans to raise $1 billion (614.6 million pounds) in a rights issue,...
Hannover Re executes innovative capital market transaction covering facultative risks
Hannover Re has for the first time placed a facultative risk portfolio as part of its extended Insurance-Linked Securities (ILS) activities. Worldwide individual risks...
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