Many ILS investors take a very binary approach and M&A is encouraging a de-leveraging effect. Florida 1.6 renewals may be disappointing but there are still grounds for optimism…
The recent influx of Lloyd’s platforms onto the M&A market has raised a plethora of issues for what the sales rush means for the future of the market - as well as what the sudden spike in supply could do to already frothy takeout multiples.
With M&A speculation swirling, Bermuda is now on top of would-be buyers’ wishlists - and now everyone is a potential target. Re-Insurance.com digs into the numbers to see who has emerged as the market’s darling at the end of Q1…
Axa’s rival Allianz is widely believed to be the XL Group under-bidder. If there is a big discrepancy in prices offered then it may fuel further Axa shareholder ire in the direction of its youthful German CEO…
Lloyd’s annual results last week revealed that salaries across the Corporation climbed to £89mn ($126mn) last year, up from £84mn in 2016, analysis by re-Insurance.com shows.
Lloyd’s has managed to keep itself profitable over the last few years despite the toughest market many can remember- but now that its run of benign luck has come to an end the market needs to come up with longer term solutions.
As interest rates continue to nudge upwards, (re)insurers including Axis, Maiden Holdings, Travelers and XL Capital will be likely long-term beneficiaries, according to research by JMP Securities analyst Matt Carletti.
With the news this morning that Axa is to acquire tier one Bermudian (re)insurer XL for an extraordinary 1.55x NTA, the board at Allianz may be licking their wounds.
Why is there still such a large gap between the overall 2017 cat loss estimates and what companies are reporting?
Why has the French construction class “dommages-ouvrage” blown a hole in CBL’s balance sheet and will other (re)insurers be affected?
Investors were quick to punish carriers that underperformed in a fourth quarter that was plagued by California wildfire losses as they decisively rewarded firms that exceeded expectations in results released last week.
As XL Group’s share price spiked over 12 percent last night in the midst of Softbank’s bold wade into the (re)insurance arena with a mooted minority stake in Swiss Re, the industry’s M&A speculation barometer shot through the roof.
The process has taken the best part of a year but if the £110mn+ sale of the venerable Lloyd’s broker Tysers to Integro completes later in February – as expected – then more than one hundred existing and former Tysers staff will benefit from the sale, analysis by Reinsurance highlights.
The Q4 results season kicked-off in earnest last week with a boost for the brokers after solid performances by Brown & Brown and Arthur J Gallagher (AJG) while the first signs of a hard-loss quarter for carriers emerged.
Lloyd’s combined acquisition and administrative expense ratio hit 40.6 percent in 2016 as the Corporation continued to underperform its company market competitors despite a concerted efficiency drive and attempts to modernize the market.