*EU insurers look to reinsure outside Europe. LONDON, Oct 8- Life insurers selling higher-risk products like annuities are moving to reinsure or hedge this business outside Europe to soften the impact of new capital rules which could add hundreds of millions of pounds to their costs. This is expected to benefit insurers in the United States and other countries...» Read More
April 16- PartnerRe Ltd's second-biggest shareholder said Exor SpA's offer for the Bermuda- based reinsurer was "much superior" to a deal with Axis Capital Holdings Ltd that was already on the table. Exor is offering $130 per PartnerRe share, or a 16 percent premium to the implied value under the Axis agreement. Langerman said PartnerRe should engage not only Exor...
*Exor offering $130 per PartnerRe share. *PartnerRe says to review Exor proposal. MILAN, April 14- Italian holding company Exor, which controls carmaker Fiat Chrysler Automobiles, offered $6.4 billion in cash to buy Bermuda- based reinsurer PartnerRe, trumping an all-share deal with Axis Capital Holdings Ltd..
*Exor offering $130 per PartnerRe share. MILAN, April 14- Italian holding company Exor, which controls carmaker Fiat Chrysler Automobiles, offered $6.4 billion in cash to buy U.S. reinsurer PartnerRe, trumping an earlier all-share deal with Axis Capital Holdings Ltd.. Exor, controlled by the Agnelli family, said in a statement on Tuesday it was offering $130 per...
MILAN, April 14- Italian holding company Exor, which controls carmaker Fiat Chrysler Automobiles, said it had offered $6.4 billion in cash to buy U.S. reinsurer PartnerRe, trumping an earlier all-share deal with Axis. Exor, controlled by the Agnelli family, said in a statement on Tuesday it was offering $130 per PartnerRe share in what it said would be a friendly...
Axis Capital Holdings Ltd and PartnerRe have agreed to an $11 billion merger to create one of the world's largest reinsurers.
In a low-rate environment it's hard for our clients to save money through us and have enough income, says Steve Miller, AIG non-executive chairman, discussing how low interest rates are impacting his business.
Roland Vogel, CFO of Hannover Re, says the company likes higher interest rates and can react to moves in the rate.
Jorg Schneider, CFO at Munich Re, says the group is overall not concerned by the strong euro and discusses the group's investment strategy to make returns in the current low-yield environment.
Billionaire Warren Buffett told CNBC on Monday that he does not see climate change impacting insurance prices "three years or five years from now."
Joerg Schneider, CFO at Munich Re, says the group is resuming its share buyback program because it's in a "very comfortable capital position."
SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes, according to a memo sent to staff on Tuesday.
Tom Carstairs, analyst at Berenberg, highlights that results from European re-insurers have been quite strong and explains why he expects pricing pressure to impact the sector in Q3.
George Quinn, CFO of Swiss Re, tells CNBC that their strong result was down to unusual circumstances of no large losses at all combined with a strong underlying profit from the team.
Michel Lies, CEO of reinsurer Swiss Re says authorities in both developed and developing countries still have considerable risk management work to do.
Paul Murray, MD of Life & Health Products at Swiss Re thinks longer life spans in Asia will drive up health care costs, which presents a big opportunity for both governments & the health insurance sector.
The recent dry weather affecting crops across the midwest of America will hit the reinsurance industry with perhaps the biggest loss ever, according to Nikolaus von Bomhard, Chairman at Munich Re.
Smaller businesses that want to cut the costs of health insurance for their employees are using captive insurers to save money on premiums but also to reduce income taxes and transfer money to heirs free of estate tax.
The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.
Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.