Ace
Chubb shareholders approve Ace deal with 98% voting in favour
The Chubb Corporation has confirmed its shareholders have approved the previously announced merger agreement with Ace.
The State of the Insurer Nation: Week One: Regulation
In the first report of a five-part series covering Post’s latest State of the Nation survey, Mairi MacDonald reports on how regulation of the insurance industry is viewed by insurance CEOs and managing directors and how they think it could work better…
Ace reports record $897m operating income for Q3
Ace has posted a record after-tax operating income of $897m (£581m) for the quarter ending 30 September 2015.
Top 100 UK insurers: Top 20 focus
We focus on the insurers that made the top 20 in the 2015 listing.
Board-level influence of risk managers growing
The level of influence of risk managers at board level appears to be growing, according to a survey by Ace European Group.
Risk managers admit need for new skills in face of emerging risks
More than seven out of 10 (71%) risk managers consider their overall level of influence is greater now than it was three years ago, according to Ace European Group research.
Top 100 UK Insurers 2015: Top 20 insurers: Regional office map
See where the top 20 UK insurers have their regional offices in 2015 (headquarters not featured)
Ace to underwrite Calliden home insurance policies
Steadfast-owned Australian underwriting agency Calliden has appointed Ace to underwrite its home insurance policies.
C-Suite - Insurer: Navigating the risk landscape
The industry is responding well to emerging risks but flexibility, creativity and client service are still key.
Markel appoints China head
Markel has hired Hu Qianhai to lead its China operations.
Market Moves - 10 September 2015
All the latest recruitment news from the world of insurance.
Ace promotes Ghaffar to Asia-Pacific distribution role
Ace has promoted Amir Ghaffar to vice president and head of corporate distribution, accident and health, Asia-Pacific.
Top 30 European Insurers: The cream of the crop
Post, in association with AM Best, has compiled a list of the top 30 European non-life insurers. How have the rankings changed since 2013 – and how have currency fluctuations changed the standings of those dealing primarily in US dollars?
Hiscox in ongoing talks with PRA over stress test concerns
Hiscox is engaged in ongoing discussions with the Prudential Regulation Authority about concerns it has with its insurance stress test and is calling for a simulation of a large loss scenario to take place in the first half of 2016.
Ace moves Asia-Pacific headquarters in Singapore
Ace has moved its Asia-Pacific headquarters in Singapore to Capita Green, 138 Market Street in the CBD.
D&O: 3 in 4 SMEs uncovered
It was once said that Stephen Hawking's 1988 book, ‘A Brief History of Time', was one of the most widely owned but least read works in print - something people wanted to show off on their bookshelf but could not face the effort required to digest the…
More mega mergers expected as low interest rates and investment returns fuel M&A
Weak investment returns and ongoing soft market conditions have been cited by AM Best as driving factors behind an uptick in acquisitions activity among insurance companies that are seeking to deploy capital and create scale.
HCML vows to ensure long-term care for Alton Towers crash victims
Rehabilitation provider HCML is preparing to work alongside the NHS to ensure those injured in the Alton Towers rollercoaster crash last month can return home to a “supported environment”.
Editor's comment: A very expensive meal
While the Swiss are well known for their wealth and their thriftiness, the London and UK insurance market is probably the worst place to attempt to keep a secret.
Every firm is a potential target as Ace completes second largest deal in insurance history
UK insurance companies have been warned that no firm is immune from purchase as companies feel the need to ‘eat each other’s lunch’ to solve organic growth challenges in what has been labelled a ‘mad’ consolidation environment.
Blog: Six reasons 2015 will be the biggest year yet for insurer M&A
I have to admit I am prone to the odd football analogy and the news yesterday that Ace is to acquire Chubb in a £18.1bn mega deal has certainly given me more scope to plough this furrow given that it happened on the day the transfer window opened (1 July…
Chubb's $28.3bn price-tag leaves market insiders 'gobsmacked'
The $28.3bn (£18.1bn) fee Ace will pay to acquire Chubb has come as a major surprise to market commentators, who have questioned the rationale behind the purchase and its future market implications.
Ace to acquire Chubb for $28.3bn
Ace has reached a definitive agreement to acquire Chubb in a deal worth $28.3bn (£18.1bn).
Ace hires from AIG for Vietnam president role
Ace has appointed Dang Hoang Tung as its country president, general insurance in Vietnam.