Intelligent Insurer looks at some of the most interesting M&A re/insurance deals in the last year to find out how market consolidation will influence future business, as industry professionals tell us there are a lot more deals to come.
After a significant contraction of gross domestic product (GDP) in Latin America in 2016, economic growth in major economies like Brazil and Argentina is bouncing back, sparking optimism among insurers and reinsurers.
Eighteen months since it walked away from a bidding war for PartnerRe, Axis Capital has completed a new deal with Novae. Albert Benchimol, chief executive of Axis Capital, explains to Intelligent Insurer why the company has never diverted from plan A, his view on third party capital and why he will sometimes send a client a cheque before a claim has been made.
Some re/insurance executives yearn for the heady days of a hard market but most are more realistic, given the abundance of capital in the industry. The recent hurricanes have given the market an insight into just how rates might respond to big losses, as Intelligent Insurer reports.
Emmanuel Clarke, chief executive officer of PartnerRe, explains to Intelligent Insurer how he is building on the stability achieved through private ownership by Exor to create secure, long-term partnerships with cedants.
The many reinsurers that have developed substantial primary operations could be in for a backlash from their cedants, as Intelligent Insurer discovers.
As the three-way PartnerRe-AXIS-Exor battle proved, the M&A trail can be a challenging and adrenaline-fuelled business. But what is driving such deal frenzy and what is the reality for companies when post-deal reality kicks in and normal business must resume? Intelligent Insurer reports.
After the successful turnout for ILS Bermuda’s Convergence 2014 event last month, Intelligent ILS reports on some of the key themes and points of discussion that are currently rattling the market.
To state that all cedants are retaining more is to oversimplify the strategies smaller players are employing around their risk transfer needs, as Intelligent Insurer discovers.
Conditions in the risk transfer world have rarely been more favourable to buyers. Yet while many are clearly leveraging their positions and seeking better deals, a surprising level of restraint exists as they also attempt to ensure their long-term traditional partners remain good business partners for the foreseeable future.