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Insurance
PartnerRe has moved to boost its life and health footprint, a strategic goal of the company, by acquiring Aurigen, a Canadian life reinsurance company, for C$375 million ($286 million) in a cash deal funded by PartnerRe’s excess cash. 24 October 2016
Insurance
Certain segments of the market are showing some signs of firming and buyers are increasingly more interested in stability than further rate cuts, but it varies by line of business and even a big event is unlikely to result in a drastic change, John Andre, managing director at AM Best, told PCI Today. 24 October 2016
Insurance
As the only reinsurer in Azerbaijan, AzRe is instrumental in many of the risk transfer mechanisms in its domestic market, but it is also diversifying into new markets as Fuad Kuliyev, chairman of the management board of AzRe, explains to Baden-Baden Today. 23 October 2016
Insurance
European reinsurers should not bemoan the challenge of finding growth but should instead take advantage of some of the new opportunities that are emerging in the European market, Marc Beckers, head of Aon Benfield ReSolutions EMEA, tells Baden-Baden Today. 23 October 2016
Insurance
As the reinsurance industry moves on to negotiations in Baden-Baden, with the help of SNL Financial, a product of S&P Global Market Intelligence, we decided to take a look at the biggest buyers of reinsurance in Europe, the Middle East and Africa (EMEA). 23 October 2016
Insurance
The implementation of Solvency II has accelerated the trend of insurers focusing on reinsurance as a capital management tool and many are keen to form deeper relationships with certain reinsurers with this in mind, Jay Nichols, the chief executive of AXIS Re, told Baden-Baden Today. 23 October 2016
Insurance
Brazil’s re/insurance market has remained fairly resilient despite the recent downturn in the general Brazilian economy, according to AM Best. 23 October 2016
Insurance
A shift away from traditional auto insurance will be an inevitable consequence of the rise of driver assistance systems and, ultimately, autonomous driving, Hazel Yang Lee, lead, personal auto product development at ISO Solutions, a Verisk Analytics business, told PCI Today. 23 October 2016
Insurance
There has been a surge of mergers and acquisitions (M&A) activity since mid-August 2016—but the outcome of such transactions may have mixed results from a credit standpoint, according to S&P Global Ratings. 23 October 2016
Insurance
No end to the current soft market is yet in sight, James Kent, president of Willis Re North America, told PCI Today, and he believes this will be a major talking point at this week’s conference in Dallas. 23 October 2016
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