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...But to his dismay, the west’s response was feeble at best, until that is Japan entered the second world war, as part of the axis forces against the allies....
...The former included Arch Capital, Axis and Allied World. The latter included Ariel Re, Flagstone Re and Validus Re. Those two waves helped to build a critical mass of insurers in Bermuda....
...Exor, the Agnellis’ company, bought PartnerRe five years ago for $6.9bn after winning a bidding war with Axis Capital....
...Exor’s decision to consider a sale comes less than five years after it acquired PartnerRe for $6.9bn after winning a hostile takeover battle against rival bidder Axis Capital....
...That’s possible — the general viability of leather Bermuda shorts is questionable at best....
...The Bermuda-based company specialises in reinsurance in markets such as agriculture, health and property....
...By the close in New York, Aspen was up 10.2 per cent, Axis 6.3 per cent and RenaissanceRe 4.4 per cent....
...Shares in Axis Capital and RenaissanceRe have ticked higher this year, although both are bigger than Aspen....
...Aspen is up about 8 per cent and Axis Capital and RenaissanceRe almost 6 per cent....
...Novae, one of the few remaining listed Lloyd’s insurers, is to be bought by Bermuda-based Axis Capital for £468m....
...Bermuda-based Axis Capital’s £468m bid for Lloyd’s insurer Novae has reignited M&A activity in the specialist insurance world, reducing once again the pool of independent competitors in the market....
...Just four months later, the chief executive followed through on his plans to expand the business with a $5.6bn deal to buy Bermuda-based Validus....
...Novae’s biggest shareholder has cut its stake in the company by two-thirds, just a day after the Lloyd’s insurer agreed to be bought by Bermuda-based rival Axis for £468m....
...Novae’s owners and analysts are debating whether his role in agreeing to a 700p-per-share bid from Axis, the Bermuda-based reinsurer, would in cricketing terms be an off-putting “reverse sweep” or he has...
...The sale of Endurance comes about three years after Mr Charman — who founded Axis and is a former deputy chairman of the Council of Lloyd’s market — joined the company....
...Arch considered a bid for smaller rival Axis Capital last year....
...In January, PartnerRe announced an all-share merger with Bermuda-incorporated rival Axis Capital....
...Arch Capital, a Bermuda-based reinsurer, is considering a bid for smaller rival Axis Capital, turning the insurance industry’s latest rush to consolidate into a four-way race....
...The protracted three-way battle to buy PartnerRe ended on Monday when the Bermuda reinsurer accepted a $6.9bn offer from Exor, the investment company controlled by Italy’s Agnelli family....
...The hostile approach is the latest attempt by Exor to gatecrash a friendly merger between PartnerRe and Axis Capital, which shareholders will have to vote on at a PartnerRe extraordinary meeting in Bermuda...
...Bermuda-based reinsurer....
...Axis, billed as a merger of equals, would bring together two of the five largest insurers, as measured by total assets, that are based in Bermuda....
...On Monday it finally won the takeover battle for Bermuda-based reinsurer, Partner Re. Exor had been fighting another reinsurer, Axis Capital, for months....
...PartnerRe’s combination with Axis, billed as a merger of equals, would bring together two of the five largest insurers, as measured by total assets, that are based in Bermuda....
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