mergers & acquisitions

American International Group, Inc. (AIG), one of the world’s largest insurers, will now also benefit from a specialist reinsurance arm and its own insurance-linked securities (ILS) fund manager, as it closes on the Validus acquisition so adds the AlphaCat Managers ILS unit to its operations.

The discussions about a potential investment deal between reinsurance major Swiss Re and Japanese technology conglomerate and investor SoftBank Group have come to an end with no deal agreed, according to an announcement from the reinsurer today

In preparing for its acquisition by French insurance giant AXA, Bermudian insurance and reinsurance firm XL Group has laid out some of the managerial changes to expect during the transition, but has highlighted that responsibility for ceded reinsurance and alternative capital will remain with Mark van Zanden.

Global insurance and reinsurance player Swiss Re has reported expansion in the first-quarter of 2018, as it underwrote more premiums across much of its business, reported better returns in property and casualty reinsurance, but noted that while the price environment is improving, it’s still challenging the firm.

As the negotiations between reinsurance giant Swiss Re and technology and telecoms investor SoftBank are reported to have stalled, with the pair said unable to agree on the size of the stake, among other things. Perhaps SoftBank could put its innovation hat on and leverage ILS trends as a way to do something different in […]

It’s M&A season in insurance and reinsurance with seemingly nobody being safe from the searching eyes of an investor or acquirer and things are moving apace, with a number of deals on the table and likely more discussions going on behind closed doors.

The acquisition of XL Group was not the expensive option for insurance giant AXA, according to the firms CEO Thomas Buberl, who said that the company had a number of potential acquisition targets on the table which had more expensive valuations.

The market should not expect any “significant changes” to the reinsurance business of Bermudian re/insurer XL Group after the acquisition by French giant AXA is completed, according to CEO of Reinsurance Charles Cooper in a letter to the firms broker community.

French insurance giant AXA now has access to new capital solutions to help it to optimise its business, with the reinsurance and insurance-linked securities (ILS) operations and access to the capital markets that come with its acquisition of XL Group offering a new lever for efficiency, according to CEO Thomas Buberl.

French insurance, investment and retirement solutions giant AXA has announced this morning that it will acquire Bermudian insurance and reinsurance specialist XL Group in a $15.3 billion deal, confirming the rumours that emerged over the last weekend.