Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...
Tags: reinsurance, Hannover Re
XL Group has unveiled a new Reinsurance Global Emerging Markets unit to benefit development in reinsurance markets. Led by Philippe Rochaix, who is currently in charge of the Latin America Reinsurance operations, the unit will form part ...
Tags: XL Group, Emerging Markets
Construction has commenced on the new stainless steel project of Henan Province-based Chinese stainless steel producer Xuyuan Group, as reported by local media sources on March 19. Total investment in the project, which is based in ...
US investment banking and securities firm Goldman Sachs Group has disposed of its 75% stake in the Bermuda-based insurance and reinsurance company Ariel Re, for an undisclosed sum. Sources familiar with the matter were quoted by the ...
Tags: investment banking, stake, insurance
RGA Reinsurance Company of Australia (RGA Australia) has promoted Mark Stewart to serve as its new managing director, with immediate effect. Stewart has served as the company's interim managing director since November 2012, managing all ...
PartnerRe, a provider of diversified reinsurance services, has completed acquisition of California-based Presidio Reinsurance Group. Presidio Reinsurance Group is a specialty accident and health reinsurance and insurance writer, ...
Tags: PartnerRe, reinsurance services, acquisition, Presidio
PartnerRe, a provider of diversified reinsurance services, has entered into a definitive agreement to acquire Presidio Reinsurance Group. Presidio Reinsurance Group is a specialty accident and health reinsurance and insurance writer, ...
Tags: PartnerRe, diversified reinsurance services, Presidio Reinsurance Group
Reinsurance Group of America (RGA) has reported a net income of $123.32m, or $1.67 diluted earnings per share, for the first quarter of 2012, compared to $148.92m, or $2.02 diluted earnings per share, for the same period in 2011. The ...
Tags: Reinsurance Group, net income, quarter 1, insurance
Reinsurance Group of America has registered a second-quarter net income of $141.1m, or $1.91 per diluted share, against a net income of $123.9m, or $1.66 per diluted share in the prior-year quarter. For the current quarter period, its ...
Tags: Reinsurance Group, quarter 2 net income, insurance, reinsurance
Southport Lane, a private equity firm, has selected Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re. McNichol, in the new role, will support reinsurance, underwriting services and directing quantitative ...
Tags: Southport Lane, chief actuarial officer, reinsurance, insurance
Italy-based Generali is contemplating to dispose its US life reinsurance business, thus paving a way to exit from US underwriting market. Italian largest insurer by annual premiums has appointed Citigroup to counsel it on the proposed ...
Tags: insurance, life reinsurance, reinsurance, increase
Arch Reinsurance Europe Underwriting (Arch Re Europe) has appointed Maamoun Rajeh as president and chief executive officer (CEO), effective from 1 July 2012. Rajeh will succeed Helmut Söhler, who will assume vice chairman position in ...
Tags: Arch Reinsurance, Maamoun Rajeh, US Property