mike mc gavick 2018

OPINION: McGavick the masterful tactician

Allianz and five others used to tease knockout $15.3bn bid from XL…

Lloyds average staffing levels 2106 17

Angerstein: Lloyd’s headcount leaps despite costly virtue signalling

The Corporation of Lloyd’s senior management have been signalling their commitment to cost-reductions for some time - so one can imagine there was a collective groan when it published its market-wide results last month.

Marine, Piracy

Brain drain and the IG account - what next for Miller?

The next few months may well prove crunch time for wholesale broker Miller.

Gold pan

Legacy boom town

Re-Insurance.com’s revelation that Darag is raising EUR100mn to bolster its M&A firepower, and the firm’s subsequent confirmation yesterday that it is teaming up with Scandinavian investment house New Nordic to acquire live businesses, demonstrates just how much interest there is in the run-off sector.

Inga Beale, Lloyd's

Beale’s arbitrary bonus

There is nothing better than a tidy year-end bonus is there?

Ers

Who will buy ERS?

After five years in the hands of private equity house Aquiline, re-insurance.com revealed that Lloyd’s largest motor insurer ERS may shortly be back on the market. But while Lloyd’s insurers remain desirable, it’s sole focus on motor may narrow the list of potential buyers. Who could they be?

Julian enoizi pool re

Pool Re decision to test ILS waters highlights innovative approach to tackling terrorism risk

The received wisdom on mutuals is that they are sleepy and slow to innovate. Not so at the UK terror pool, where a landmark announcement on providing cover for cyber-terrorism is being followed by what would be a pioneering venture into the ILS market and a proposal for how to ...

Tug of war

Custody battles

Much like in an acrimonious divorce, M&A can often see company bosses lose their baby -  the business they’ve built - to a new suitor. But what becomes of those execs after the custody battle?

Dice

AmTrust: Damned if you don’t

AmTrust’s board found itself in an extraordinary $33mn bind when the firm’s CEO, his in-laws and their backers tabled a $2.7bn bid to buy the company and take it private.

Peter harris cbl

CBL’s Harris withdraws from MC gala event

With a soothsayer ability to make Mystic Meg blush, Angerstein predicted last week that there may be one empty seat at the prestigious EY World Entrepreneur of the Year awards in Monte Carlo in June 2018.

New york skyline at twilight hour (26741311086)

Rating agencies flex their muscles once again

Downgrades and negative outlooks are becoming a common phenomenon once again.

Gun range

Reputational risk

In February the broker Lockton became the latest US company to bow to pressure to boycott the National Rifle Association (NRA) following a mass shooting at a school in Florida earlier this month that left 17 people dead.

Peter harris cbl

Angerstein: Gala Invites

Fresh from the collapse of his insurance company CBL, will CEO Peter Harris still go to Monte Carlo later this year to represent NZ in the world entrepreneur of the year competition? Angerstein suspects not…

Great wall of china

Regulatory barriers

The Chinese authorities are getting tougher on its insurance industry and its executives…

Borough Market terrorism

Division where unity is required…

The anti-insurer headlines are easy to imagine. A terrorist once again uses his vehicle to maim and kill and – in the aftermath of the atrocity – the notoriously aggressive British tabloid press seize on the revelation that UK motor insurers have recently changed their coverage to exclude liability for ...

Elgin marbles east pediment

What next for Ethniki?

With an apparent deadline later this week, Re-Insurance.com wonders what the team of impressive US and Greek financiers compiled by Ethniki acquirer Exin will do following the recent revelations of legal action between the firm and some of its backers…

UK Parliament

Pool Re caught in political tides

All too often the insurance industry is the whipping boy for headline-grabbing politicians after a catastrophe, and this was evident in the aftermath of the London Bridge attacks last year.

Monster truck

XL or XXL?

Ten years ago, $1bn was the default minimum size for a global reinsurer/specialty carrier to be taken seriously.

Stock Markets

Volatile times return so beware any CEO that dares disappoint...

That was fun wasn’t it? After several years of low volatility, soaring asset valuations and governments being paid to take on debt, global investors were reminded yesterday and today that the value of their investments can go down as well as up.

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Disruption Daydreams

We all dream big.