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January 2018/3

  • 2017 is a year the management board at AmTrust will be keen to put behind it.
  • The top 10 insurance-linked securities (ILS) managers grew their assets under management (AuM) to $62bn at January 2018, according to figures from sister publication Trading Risk's latest biannual survey of the sector.
  • The P&C (re)insurance industry is set to disclose another set of dented earnings for the final three months of a year blemished by historic levels of catastrophe activity.
  • Revisions in the US tax code designed to improve America's international competitiveness are expected to provide material gains for domestic insurers but may not deliver the revenue boost for the Treasury that lawmakers envisioned.
  • Bermuda-based reinsurers that do business with US affiliates began examining their options well before the ink dried last month on a reform bill that took aim at tax arbitrage strategies which have helped make the island an industry hub.
  • Analysts have estimated AIG has $6bn-$7bn of capital to deploy on M&A deals, as the insurance giant's shift from seller to buyer under the leadership of new CEO Brian Duperreault seems to be in train.
  • For some, the move to launch Langhorne Re might seem like a stretch even further beyond the competencies of a one-time property cat specialist.
  • RenaissanceRe's joint venture with Reinsurance Group of America will bring a diversifying stream of asset management earnings to the Bermudian's third-party capital management arm, while also giving it access to a wider pool of investors.
  • Stone Point, AmTrust CEO and chairman Barry Zyskind and the Karfunkel family have three months to get their proposed take-private deal for AmTrust over the line, according to filings.
  • The $1.37bn offer to take AmTrust private raises questions over the future of closely linked companies Maiden Holdings and National General.
  • It always annoys me when people ask if I'm a glass-half-empty or glass-half-full type of person
  • AmTrust looks set to delist from the Nasdaq Stock Market over the next six months, with the take-private offer from the Zyskind-Karfunkels and Stone Point offering investors significant near-term cash upside in place of a highly uncertain turnaround story.