Insurers are increasingly looking to build out new specialist areas with cyber insurance and sharia-compliant insurance being two of the biggest areas of focus for firms.
Hannover Re has teamed up with a private equity firm to acquire parts of financial services provider Skandia based in Germany and Austria.
Specialty insurer and reinsurer Brit Insurance will be valued at a market capitalisation of £960 million when it completes its anticipated initial public offering (IPO) set for the first week in April.
Global insurers are regaining their appetite for mergers and acquisitions, with a steady flow of midmarket transactions anticipated, according to a report by Deutsche Asset & Wealth Management.
Oxbridge Re Holdings, the Cayman Islands-based property/casualty reinsurer backed by Tampa-based insurer HCI Group, has raised $26.4 million through initial public offering on the Nasdaq Stock Exchange.
Watford Re, the Bermuda-based start-up reinsurer partly backed by Arch Capital Group, is ready to start writing business on its own paper after raising $500 million and securing a rating of A- from AM Best.
Business volume for bond insurers in the US is expected to rise through 2015 and for the industry's risk-adjusted pricing ratios to improve. This sector is also expected to grow if interest rates start to rise.
Talanx Deutschland, part of Germany’s third largest insurance group Talanx, has appointed a new chief executive.
Re/insurance intermediary BMS Group has launched a new weather risk management tool designed to allow carriers to better understand their risk and manage portfolio accumulations in areas prone to tornadoes, hail, straight-line winds and hurricanes.
Another substantial deal has been completed that will see a large chunk of longevity risk held by pension schemes ultimately transferred into the reinsurance markets.