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By Susanne Sclafane, PropertyCasualty360.com |
August 5, 2011
Private-equity firms are still interested in acquiring specialty wholesalers and managing general underwriters, but they are up against some aggressive competitors offering higher deal prices—like 6- to 8-times EBITDA, consultants say.
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By Susanne Sclafane, PropertyCasualty360.com |
August 4, 2011
In spite of the fact that two Bermuda players are engaged in a heated battle over a global-casualty reinsurer, the intensity of the contest in no way suggests that the casualty market is hardening, according to one of the potential acquirers.
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By Chad Hemenway, PropertyCasualty360.com |
July 29, 2011
To compete in a marketplace flooded with competition, environmental insurance carriers to better stand out from the pack are developing new products—built on a growing familiarity with and sophisticated grasp of the unique coverage requirements of specific industry classes.
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By Mark E. Ruquet, PropertyCasualty360.com |
June 30, 2011
The soft market remains firmly entrenched on the casualty side of the reinsurance business. But the property and catastrophe marketplace is a much different—and more unsettled—story.
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June 30, 2011
In mid-June Allied World Assurance Co. Holdings AG and Transatlantic Holdings Inc. announced a $3.2 billion merger deal, creating a global specialty insurer and reinsurer operating in 18 countries and on six continents.
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By Susanne Sclafane, PropertyCasualty360.com |
June 30, 2011
As I was finishing a feature about merger-and-acquisition activity in the insurance industry last month, a Bloomberg news item caught my eye.
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By Susanne Sclafane, PropertyCasualty360.com |
June 17, 2011
An overriding theme of the latest wave of mergers and acquisitions in the insurance industry: strategic buys of specialty-flavored books is specialization.
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By Susanne Sclafane, PropertyCasualty360.com |
June 17, 2011
The CEO of Fortegra Financial believes he has a distinct edge as he competes to acquire property and casualty wholesale brokerages and regional specialty agencies to add to his firm’s suite of insurance-service operations: Being a New York Stock Exchange-listed public company.
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By Susanne Sclafane, PropertyCasualty360.com |
June 17, 2011
If you own an underwriting agency with a very specialized, quality book of business—and have no plans to sell it—then Stephen Way, CEO of Houston International Insurance Group, may want to talk about making a deal.
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By Susanne Sclafane, PropertyCasualty360.com |
June 17, 2011
For the CEO of Crum & Forster, Doug Libby, who voluntarily describes himself as “a contrarian,” there is little not to like about the $294 million deal, closed in February, that adds First Mercury Financial Corp. to his group’s specialty-insurance operations.
