Insurance news

• Reinsurance diversification only sustainable strategy: Vickers

  31-12-2014 15:14
  Diversification is the traditional reinsurance market's only
  credible defence against eroding margins and the "wall of
  money" pouring into the sector, Willis Re International's
  chairman James Vickers has said.
  "They may not like it but it's probably the only
  sustainable strategy in the current market," he stated.
  Speaking to The Insurance Insider this morning (31 December), as
  the 1 January renewal negotiations concluded, he explained that the
  business models of n
  
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• Penny Black: The Ghost of Christmases Past 2006 - 2013

  31-12-2014 12:30
  
  Rachael Adams Postonline
  
  
  Lady-about-town Penny Black has been publishing her insurance industry gossip and insider news and views in three centuries - so she's seen a fair few insurance Christmases, some bawdier than others, and all of them fuelled by the finest G&Ts the industry has to offer.
  
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• Fosun in $433mn deal to acquire distressed Meadowbrook

  31-12-2014 10:21
  Acquisitive Chinese conglomerate Fosun has announced the $433mn
  deal to purchase distressed Meadowbrook in a move that will see it
  establish a "significant presence" in the US P&C
  market.
  The acquisition, announced yesterday evening (30 December),
  values the specialty lines underwriter and insurance services firm
  at a multiple of approximately 1.04x tangible book value.
  The cash deal will see Fosun acquire shares in Meadowbrook for
  $8.65 each. Shares in the Michigan-based firm clos
  
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