Mac, Westpac pick up Mercury's waste
Mercury Capital has squeezed money out of three big lenders to bankroll its acquisition of waste business Polytrade.
Source: afr.com
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Earnings Document – InsuranceNewsNet
Quarterly statement: Profit of €608 m in Q1, annual guidance of €3.3 bn unchanged. −Impairment losses on Russian and Ukrainian bonds, first Russia/ Ukraine claims. Munich Re generated a profit of €608 m in Q1 2022.
Source: insurancenewsnet.com
Australian buyout firm Mercury Capital to raise $731m fourth fund: report
Its predecessor fund was closed at A$600 million in 2019.
Source: dealstreetasia.com
Swiss Re secures significant alternative capital via an innovative hybrid transaction
Swiss Re Ltd / Key word(s): Financing 14.04.2022 / 10:00 Swiss Re partners with J.P. Morgan and institutional investors to secure USD 1.15 billion in protection for severe underwriting-related losses The innovative hybrid transaction is first of its kind to combine bank financing and insurance-l...
Source: boersennews.de
People Moves: QBE Re Names Barber Head of U.S. Treaty, Succeeding Larson; MNK Re Hires Pillay to Lead S. Africa Branch; Francis Promoted to MD, CFC Response
This edition of International People Moves details appointments at QBE Re in the U.S., specialist broker MNK Re Group and MGA CFC Underwriting. A summary
Source: insurancejournal.com