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Six themes to watch for during the Q4 results season

After a loss-plagued autumn which has raised hopes of finally bringing much-needed change (from a carrier perspective) to the (re)insurance market dynamics, all eyes now turn to the Q4 and full-year 2017 results season which begins in earnest today with US insurance heavyweight Travelers (see table).

Tue 23 Jan 2018

Beazley bolsters European specialty team

News

People Moves

Beazley bolsters European specialty team

Beazley has bolstered its specialty lines team with a series of appointments as it looks to grow across Europe.

Tue 23 Jan 2018

Axis A&H boss to depart amid restructure

News

People Moves

Axis A&H boss to depart amid restructure

Chris DiSipio, who heads up accident and health (A&H) for Axis, is set to leave the firm as part of a company-wide restructure as the Bermudian clears the way to integrate Novae.

Tue 23 Jan 2018

News

People Moves

TigerRisk hires Beckers as EMEA head

Reinsurance intermediary TigerRisk Partners has unveiled Marc Beckers as its new head for the EMEA region, the company announced today.

Tue 23 Jan 2018

Analysis

Losses

Q4 losses - two steps forward, one step back

In the past week, the gap between disclosed and anticipated industry losses has had a ‘two steps forward and one step back’ feel to it as more carriers published revised fourth quarter loss numbers.

Mon 22 Jan 2018

News

M&A

AIG purchases Validus for $5.56bn cash

AIG has struck a deal to acquire Ed Noonan’s Validus for $68 per share in a $5.56bn all-cash transaction, the company announced today (22 January).

Mon 22 Jan 2018

News

Bermudian (re)insurance shares leap following AIG-Validus deal

Shares in Bermudian (re)insurers have surged in early trading today as investors seek exposure to a further round of consolidation on the island following AIG’s announcement of its mammoth $5.56bn acquisition of Validus.

Mon 22 Jan 2018

Validus to remain independent after $5.6bn AIG acquisition

News

M&A

Validus to remain independent after $5.6bn AIG acquisition

Validus will not be integrated wholesale into AIG after the US insurance giant’s bumper $5.56bn acquisition of the Bermudian carrier completes, AIG CEO Brian Duperreault has revealed.

Mon 22 Jan 2018

Validus shares surge 45% after $5.6bn AIG deal

News

M&A

Validus shares surge 45% after $5.6bn AIG deal

Shares in Validus have rocketed by 44.5 percent to as high as $67.51 as markets opened in New York as investors digest today’s news of AIG’s $68 per share offer to buy the Bermudian (re)insurer.

Mon 22 Jan 2018

Noonan to walk away from Validus with $82.4mn

News

M&A

Noonan to walk away from Validus with $82.4mn

Validus chairman and CEO Ed Noonan (pic) is set to walk away from the firm with $82.4mn in his pocket following AIG’s blockbuster deal to buy the Bermudian carrier.

Mon 22 Jan 2018

Lockton swoops on Zurich for professional services hire

News

People Moves

Lockton swoops on Zurich for professional services hire

Lockton is to expand its professional services offering with the appointment of former Zurich financial lines chief Gail Cook to its professions team.

Mon 22 Jan 2018

News

People Moves

Catlin joins Aquiline Capital Partners

Insurance entrepreneur Stephen Catlin (above) has joined the New York-headquartered Aquiline Capital Partners to advise the private equity firm on potential new investments, Reinsurance can reveal.

Mon 22 Jan 2018

News

Lloyd’s embarks on ILS ‘non-deal’ roadshow

Two months after the UK government passed legislation to allow for on-shore ILS transactions, Lloyd’s is embarking on a “non-deal” roadshow with fund managers to explore the prospect of a market catastrophe bond that would add an extra layer of capital security to policyholders.

Mon 22 Jan 2018

News

Losses

CATCo’s 2017 losses creep over $700mn

CATCo - the leading provider of pillared retro capacity for cat (re)insurers - has increased its estimate of 2017 losses to 27.6 percent of net asset value (NAV) of the funds it manages.

Fri 19 Jan 2018

AmTrust retains Deutsche to advise on $1.4bn Stone Point deal

News

M&A

AmTrust retains Deutsche to advise on $1.4bn Stone Point deal

AmTrust has hired Deutsche Bank as its financial advisor to help the company navigate its proposed privatisation deal with private equity firm Stone Point Capital, it announced today.

Fri 19 Jan 2018