Monthly Archives: February 2015

Is bigger better?

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The sudden burst of M&A activity has dominated the discussions on earnings calls over the last few weeks. Veteran insurance investor, Nick Martin, looks at whether increased scale will be enough for reinsurers to succeed in a challenging...

News review | February 24 2015

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Swiss Re revealed a 4% decline in its P&C reinsurance premiums at the 1 January renewals reflecting an exit from unprofitable business. The European reinsurer is also planning a $1.1 billion share buyback in an effort to manage...

News review | February 17 2015

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Fairfax announced that it will buy Lloyd's insurer/reinsurer Brit for $1.9 billion. Fairfax has owned Odyssey Re since 2009. 73% of Brit's shares are owned by private equity firms Apollo and CVC. They bought Brit for £888m in 2011. Fairfax Kane...

One plus one equals?

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More reinsurance M&A is forecast for 2015 as traditional players take increasingly radical steps to address the challenging market conditions. Will the combined entities be greater than the sum of their parts? "It’s beginning...

News review | February 09 2015

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French reinsurer Scor has "optimised its retrocession structure to support the group's cat capacity growth" with its latest Atlas cat bond, which covers the reinsurer for US named storm and US and Canada earthquake events on an aggregate...

Perspectives – Lixin Zeng CEO, AlphaCat Managers

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A conversation with the head of Validus Group's fund management business. Validus was established in 2005 during the recapitalisation of the reinsurance industry that followed Hurricane Katrina. It has enjoyed considerable success...

News review | February 2 2015

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During the January 2015 renewal season, AlphaCat was the only Validus business segment to increase the size of its portfolio, showing 18.8% growth in Gross Written Premium for US property and 15.7% for international property. Total...

A turbulent year

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Insurers are anticipating that 2014 will be the most expensive year for the aviation market since 2001 and global air travel is likely to double again by 2030. Could this be an opportunity for the capital markets? Over the last...