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Company Example A

Overview
Content
Data

Company type

Insurance-Linked Securities (ILS) and Investment Managers

Miscellaneous

Founded
1896

Major offices

Zurich, CH (headquarters)
Nassau, BS

Officers

Smedley MacGuffin (CEO)

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  • When I first visited Germany I was amazed by the extraordinary phenomenon of being apologised to for the Second World War
  • The numbers tell a very stark story indeed.
  • Market intelligence on the QT
  • With the $1.7bn purchase of White Mountains' specialty insurer OneBeacon, Canada's Intact is returning to big-ticket M&A after a string of small domestic broker purchases.
  • OneBeacon's 1.65x multiple in its sale to Intact Financial represents a premium valuation for the business given its low historic returns on equity (RoEs) relative to its peer group, data compiled by The Insurance Insider shows
  • Many firms bemoaned rising loss cost trends in the first quarter, with the vast majority of carriers posting deteriorations in their accident-year ex-cat loss ratios as rates fell or positive movements failed to keep pace.
  • There was an uptick in catastrophe losses in the first quarter, with severe US weather events and Cyclone Debbie generating claims greater than those initially anticipated by the market and above the same period of last year.
  • The list of risers was predominately populated by brokers, but at the top stood Markus Riess of Munich Re, whose remuneration more than doubled to EUR3.2mn ($3.9mn), which enabled him to rise 77 positions in the year.
  • The Insider 50 index fell by 0.8 percent last week to 1,023.5 index points as a result of contracting US P&C stocks.
  • The collective remuneration of the 50 highest paid executives in the P&C (re)insurance industry increased by 9.9 percent to $455.6mn in 2016, The Insurance Insider's executive pay league has shown.