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OneBeacon sale points to further US specialty M&A
Carriers with meaningful US specialty insurance operations are likely to give serious consideration to selling themselves after OneBeacon secured a blow-out 1.65x exit multiple last week in its deal with Canadian insurer Intact.
Adam McNestrie
,
09 May 2017
Carlyle involved in later stages of Hartford VA auction
Private equity giant The Carlyle Group is among the late-stage bidders for The Hartford's $4.4bn variable annuity business as the auction process continues to drag on, The Insurance Insider understands.
Adam McNestrie
,
09 May 2017
Opinion: Aon expense cuts
It's not a question anymore of whether you have an efficiency programme - it's a question of what kind of efficiency programme it is
Adam McNestrie
,
09 May 2017
Towergate swings to Q1 loss ahead of merger
Towergate reported an Ebitda loss of £1.8mn ($2.3mn) in the first quarter of 2017, as exceptional items swelled amid continued restructuring efforts.
Bernard Goyder
,
09 May 2017
Irdai forms reinsurance framework committee
The Indian regulator has established a panel of reinsurance experts to examine the country's framework for the market.
Matthew Neill
,
09 May 2017
Towergate backers add Price Forbes to new broker combo
Private equity firms HPS Investment Partners and Madison Dearborn Partners are to merge their UK regional broking businesses into a single operation, setting Price Forbes alongside Towergate.
Matthew Neill
,
09 May 2017
Perils projects $826mn of losses from Cyclone Debbie
Catastrophe data aggregator Perils has estimated the Australian losses from Tropical Cyclone Debbie at A$1.12bn ($826mn).
Laura Board
,
09 May 2017
Munich Re beats Q1 profit consensus despite P&C drag
First-quarter operating profit at Munich Re beat analysts' expectations, with the carrier reporting a result of EUR952mn ($1.04bn).
Charlie Thomas
,
09 May 2017
Hiscox names Luxembourg as post-Brexit hub
Hiscox has announced plans to establish a new European subsidiary in Luxembourg in response to the UK's exit from the EU.
Matthew Neill
,
09 May 2017
EC3’s reinsurance market share continues to fall: LMG
London's share of global reinsurance premiums has continued to decline as increased competition and protectionist trade policies stymie growth, according to the latest London Matters report, released today.
Bernard Goyder
,
09 May 2017
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