July 2017/3
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Insurance-linked securities (ILS) returns have outpaced yields from stocks and investment grade corporate bonds over the past 15 years, according to analysis from Lane Financial
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Cat bond sponsors took advantage of strong investor demand in the second quarter of 2017 to bulk up on insurance-linked securities (ILS) cover, with the upsizing of transactions adding $1.9bn to quarterly volumes.
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The 1.5x multiple Axis has agreed to pay to acquire Novae has sparked a market debate around the attractiveness of the deal for both parties.
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Novae's exit from the public markets will leave Beazley, Lancashire and Hiscox as the only London-listed insurers at Lloyd's, well short of the sector's heyday when a basket of Lloyd's stocks would have included more than 10 firms.
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Novae finally looks set to exit the public markets after years of speculation, but questions remain over whether the 700-pence-per-share recommended bid from Axis could encourage other would-be acquirers to lodge a counter offer.
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When Stephen Catlin entered the insurance industry in 1973 after failing to make it to dental school, Lloyd's was rife with "cerebrally challenged" toffs and unscrupulous East End "barrow boys".
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Ed has launched a new placing exchange that it estimates will cut its own front-end costs per slip by more than 5 percent from as early as next year, with even larger savings likely once the broker integrates the system into its back-office functions.
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Specialty carrier Assurant has placed a $1.36bn property catastrophe reinsurance programme with a 5 percent year-on-year reduction in premiums to about $125.6mn.
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Zaffino bonus; Posgate dies; Brokers probed; Willis Re CEO; Zurich hires; IRB Brasil IPO; DfID cat cover; Hurricanes forecast; Aegis' power outage push; Equine MGA.
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Bernstein analysts have highlighted looming reserving issues in pockets of the European reinsurance sector, drawing attention to a “red flag” at Swiss Re.
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The UK's Financial Conduct Authority (FCA) has listed a number of concerns about the investment consulting market, as the regulator intensifies its focus on intermediaries.
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Alibaba-backed Chinese InsurTech start-up Zhong An has struggled to maintain its profit margin despite substantial and sustained top line growth since 2014, according to IPO documents.
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When Peter Zaffino joins AIG as chief operating officer next month, the carrier will gain a tough but ruthlessly efficient business leader, sources have said.
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No one could accuse AmTrust CEO Barry Zyskind and his team of shying away from a challenge.
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In inking a multi-hundred million dollar adverse development deal with Premia, AmTrust has sought to provide investors with further clarity over its financial position.
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Underwriters - are you scared of big bad brokers threatening to cut off your dwindling supply of profitable business if you don't do what they want?
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Axis' proposed £468mn ($603mn) acquisition of Novae is just the latest example of the ineluctable drive towards consolidation in the sector, as the smaller publicly traded carriers are picked off by their larger rivals.
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