Hints and tips:
...Aspen is owned by private equity group Apollo and sells insurance and reinsurance through the Lloyd’s of London market as well as in Bermuda and the US....
...Supportive regulators help explain the success of rival centres such as Bermuda....
...We talked a little bit about these sorts of stocks last week, and we mentioned our first pick, Everest Group, then. Everest is a property casualty reinsurer and primary insurer based in Bermuda....
...Lloyd’s of London hopes a new investment structure it has agreed with UK financial regulators will attract billions of dollars in alternative capital and boost its competitiveness with other hubs such as Bermuda...
...Most of Athene’s annuity liabilities have migrated to Bermuda itself through reinsurance agreements. Apollo and Athene insist that the Bermuda activities have nothing to do with regulatory arbitrage....
...Dan Loeb’s Third Point, specifically Third Point Reinsurance Ltd, was ready to be lucky....
...The company will be based in Bermuda but will also have operations in London. It has no plans to open a syndicate at Lloyd’s of London this year....
...Bermuda-based insurer RenaissanceRe is aiming to raise around $900m in the industry’s biggest equity issue since the crisis began....
...Bermuda has no corporate income tax, which is a big advantage to a reinsurance industry where years with no significant natural catastrophes can be very profitable....
...The Bermuda-based company specialises in reinsurance in markets such as agriculture, health and property....
...Aspen, the Bermuda-based insurer, is to be bought by private equity group Apollo in a $2.6bn deal, the latest in a string of transactions in which specialist insurers have been bought out The consolidation...
...Some $90bn of the world’s $600bn reinsurance is backed by bonds, and that market is growing rapidly....
...According to a report last year on the London insurance market, which includes Lloyd’s, its share of the core business of global reinsurance declined from 13.4 per cent to 12.3 per cent between 2013 and...
...Shares in Bermuda-based Aspen, Renaissance Re, Everest Re and Arch all rose on Monday on news of the Axa acquisition. “I think we’ll see more deals,” says Mr Sidhu....
...“There is a melting iceberg phenomenon in reinsurance,” says Mr Naujoks. “The growth potential for classical reinsurance is very limited.”...
...Validus provides reinsurance, primary insurance and asset management services....
...The Bermuda-based company said it was exposed through its reinsurance business as well as insurance lines, including flood coverage for homeowners and businesses....
...Bermuda-based Hiscox said it was exposed to Harvey through its reinsurance business as well as primary insurance lines, including flood coverage for homeowners and businesses....
...This morning, the Bermuda-based company said it was exposed through its reinsurance business as well as insurance lines, including flood coverage for homeowners and businesses....
...Bermuda-based Axis Capital’s £468m bid for Lloyd’s insurer Novae has reignited M&A activity in the specialist insurance world, reducing once again the pool of independent competitors in the market....
...“Bermuda has managed to become a reinsurance market to rival London. What builds up is a critical mass of talent, and a regulatory understanding of the business.”...
...“There’s a lot of opportunities for additional acquisitions in Germany, as well as reinsurance opportunities in the UK,” Mr Belardi said....
...Sompo Holdings, one of Japan’s biggest insurers, is to acquire Bermuda-based rival Endurance Specialty Holdings for $6.3bn, the latest in a string of overseas acquisitions by Japanese companies bolstered...
...The Bermuda-based, US-focused company has exposure to reinsurance (two-fifths of its book) and insurance; its clients are principally commercial rather than individual. And it offers growth....
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