Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief executive officer said. “PartnerRe was an example of a possible acquisition that might have worked, there are others,” Albert Benchimol said in an interview in […]

American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance operation said. “We are very active in looking at any way to achieve growth, whether it’s organic or inorganic,” AIG Commercial CEO Rob Schimek said Monday in […]

Go Compare will be spun off from its parent company, Esure, in a £500m demerger to be announced this week, according to reports. Sky News reported this evening the board of insurance group Esure will approve the deal to offload Go Compare and make a formal announcement to the stock market within the next few […]

SCOR has drawn up a new three-year strategic plan, which it said focuses on enhancing its profitability and solvency. It also targets a solid period of growth for the company, partly driven by the US expansion of its property/casualty business…Read more @ Intelligent Insurer

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life Insurance Company today announced Dawn Trautman, senior vice president, product and strategy management, will succeed Rick Schindler as leader of the company’s Life Insurance Division, effective January 1, 2017. “Dawn’s strong leadership abilities, disciplined focus and ability as a business leader to partner across and influence the entire organization make […]

Prudential Financial Inc. won a $2.5 billion pension-risk transfer deal with paper and packaging company WestRock Co., cementing the insurer’s status as the biggest player in the business of taking on retirement obligations for employers. WestRock will purchase a group annuity that requires the insurer to take on responsibility for payments owed to 35,000 U.S […]

Bank of England governor Mark Carney said the UK “sailed through” the Brexit referendum aftermath because of the monetary policy action the Bank of England took and has admitted the base rate could be cut again before Christmas. Appearing before the Treasury select commitee this afternoon, Mr Carney said he was “absolutely serene” about his […]

Scor SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three years on increased demand in Asia. Scor has “significant growth potential” despite a challenging and uncertain environment for interest rates and global economic growth, Chief Executive Officer Denis Kessler said on a call with journalists. […]

Singapore is next in line if London loses its status as leading business hub in the world. The Asian island nation ranks behind London as the best global city, PricewaterhouseCoopers LLP said in a new study, based on social and economic data published before the U.K. voted to leave the European Union. The Cities of Opportunity […]

Former Partnership chief executive Steve Groves has joined equity release firm Retirement Bridge Group as chairman. Groves left Partnership earlier this year following its merger with Just Retirement, after 10 years with the provider. He joins Retirement Bridge Group following the acquisition of the company from Grainger by property management firm Patron Capital Partners and […]