The Banking Report 2011: The match makers...


The forces of consolidation remain an ongoing dynamic within the insurance and reinsurance industries, and continue to shape both sectors and companies. II investigates what support investment banks can offer to businesses during mergers and acquisitions.

Merging two companies is rarely easy. It requires patience, a steady hand and a high level of organisational skills on both sides of the deal to ensure things go smoothly. And this is where investment banks can help, according to Andrew Cook, president of Alterra Bermuda.

“When going through a transaction, there is a significant amount of work that has to be done, particularly in the due diligence phase,” he says. “I have found that investment banks have been very helpful in terms of setting up the data room, and making sure that information is properly organised, accessible and up-to-date.

“That is a really valuable service when you are in the throes of an M&A transaction—it’s all about maintaining and keeping track of information on both sides.”

Banking, M&A, Alterra Capital, Allied World Assurance Company, BNP Paribas, Lloyd’s Bank, Insurance, Reinsurance

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