Corsair’s Post

Allianz is expecting a double-digit ROI over time from its acquisition of Income Insurance Limited, according to CEO Oliver Baete. The deal is set to see Allianz acquire a 51% stake in the Singapore-based insurer, with NTUC Enterprise holding the remaining 49%. In the group's Q2 2024 earnings briefing, Baete highlighted potential growth areas for the business including underwriting, claims, product design, and procurement. Despite local concerns about competition and affordability, Baete also emphasised that the deal is a partnership with NTUC Enterprises, and "not a sellout". The transaction is expected to be completed by Q1 2025 and will make Allianz the top P&C insurer in Singapore and the fourth-largest composite player in Asia. https://lnkd.in/g24eGNe5 #insurance #singapore #mergersandacquisitions

The Cayman Islands is at the forefront of ILS and collateralised reinsurance innovation! Discover why leading reinsurers and insurtech startups are choosing this dynamic jurisdiction in the September issue of Captive Insurance Times, authored by Philippa Gilkes, Counsel at Conyers. Learn about the game-changing Class C licence and more: https://lnkd.in/e3BtfTYU #CaymanFinance #InsuranceLinkedSecurities #GlobalFinance Insurance Managers Association of Cayman

The Ardonagh Group, the highly acquisitive and leading global insurance and distribution platform, approached Liquid Voice for support in reducing costs, simplifying operations and implementing a unified platform. The outcome was a resounding success. Explore the full case study here: https://lnkd.in/eN5mpeiD

The financial services sector has an extremely important economic significance in Switzerland, and, as Switzerland is one of the three largest reinsurance locations in the world, it has an enormous significance for the reinsurance industry globally. Ulrike Mönnich and Chris Bell, both partners of mbh Attorneys at Law, have highlighted the regulatory framework on insurance and reinsurance in Switzerland with a focus on the recent revision of the insurance supervisory act and its effects to the insurance and reinsurance industry. https://lnkd.in/e_GHtG_3 (for registered Lexology users) https://lnkd.in/enhbTZMf (for all others) #insurance #reinsurance #Switzerland #lexology

Despite a recent slowdown in overall M&A activity, the insurance sector remains attractive to private equity and strategic investors. The reasons? As outlined by Brad Ptasienski in his piece for PropertyCasualty360, the steady demand for insurance products and the sector's resilience during economic turbulence. Learn more about what investors should be looking for in the market ⤵

In a FundFire story just out, Clearwater’s Global Head of Alternative Investments Jonathan Flitt weighs in on private fund managers’ latest push into new markets overseas to acquire blocks of insurance business. According to Flitt, “The international market could quickly become competitive among U.S. private fund managers that want access to insurers’ long-term capital.” Read the entire story here: https://lnkd.in/epB86-Rh #alternativeassets #insurance #investmentmanagement

“The overall industry remains very well capitalized. The mutuals are tremendous stewards of their capital.” - Pat Abbe   But how do mutual insurers compare to their stock company counterparts. Watch Patrick Abbe and Enrico Leo Aon Reinsurance Solutions, join Sarah Schnettler, IOM, CAE, NAMIC as they discuss the regional disparities in mutual insurance performance and explore key trends shaping the ecosystem of today’s top-performing mutual insurers. https://lnkd.in/ecHf7kKN   #RRS24 #NAMIC National Association of Mutual Insurance Companies (NAMIC)

IAP’s Ursano predicts “up to 10” new reciprocal exchange launches in 2024 amid heightened interest Interest in new reciprocal exchanges may be at a record high with investors attracted to heightened valuations and operators to the greater stability of capital and capacity than that offered by many MGAs, according to sector specialist and veteran (re)insurance banker Antonio (Tony) Ursano Watch the full interview here: https://lnkd.in/g3nvwtdN Ursano – the managing partner and co-founder of US corporate finance boutique Insurance Advisory Partners – predicted the number of new exchanges could reach “up to 10” this year judging by the number of mandates and interest his firm has seen. Speaking to The Insurer TV, Ursano said the sector was seeing elevated interest, both from existing multi billion-dollar carriers mulling migrating existing business into newly created reciprocals, and from small start-ups looking at forming niche exchanges in specialist areas. “I think there are approximately 100 reciprocal exchanges that exist in the US today, all the way from Farmers at $27bn of premium, to very small businesses, and everything in between,” he said #insurance #reinsurance

In a FundFire story just out, Clearwater’s Global Head of Alternative Investments Jonathan Flitt weighs in on private fund managers’ latest push into new markets overseas to acquire blocks of insurance business. According to Flitt, “The international market could quickly become competitive among U.S. private fund managers that want access to insurers’ long-term capital.” Read the entire story here: https://lnkd.in/eYgW92kC #alternativeassets #insurance #investmentmanagement

Thank you to HD Assurances Belgique for trusting us with the valuation of your companies! 🤝 The insurance brokerage group consisting of 3 Belgian companies relied on BDO Belgium to valuate their shares by using 3 different methods. These are all built up on sector-specific indicators and references ✔ Find out more about the project here ▶ https://okt.to/QXi9Tm Want a precise valuation of your company and its shares? Contact Alexandre Streel or Arnaud Williquet, they’ll gladly help you out. #valuation #advisory #insurance