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  #141  
Old 09-18-2018, 11:52 AM
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Marsh & McClenahan (Guy Carpenter) to buy JLT
a $6.4B deal if approved, pretty massive
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  #142  
Old 09-20-2018, 08:48 AM
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SCOR turns down acquisition offer from Covéa
scor ceo asking covea's chairman and ceo to step down as a board member for scor
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  #143  
Old 10-31-2018, 09:21 AM
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RenRe bus Tokio Milennium Re
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Old 10-31-2018, 09:26 AM
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RenRe bus Tokio Milennium Re
Tokio Marine looks pretty healthy, but interesting to see them do this as well as close some of their Asia operations. Maybe just reeling things back in a bit.
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  #145  
Old 10-31-2018, 09:37 AM
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Their reinsurance operation hasn't been doing well and the market isn't showing signs of improvement. TMR had a super rough 2017:

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  #146  
Old 10-31-2018, 10:03 AM
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Their reinsurance operation hasn't been doing well and the market isn't showing signs of improvement. TMR had a super rough 2017:

How am I supposed to know how high each of those bars are
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  #147  
Old 10-31-2018, 10:52 AM
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What will be interesting to see is how bad Michael impacted (re)insurers and who. Last year there were a few with disproportionate losses relative to market share. Lloyd's, for one. Getting clobbered back to back years will be problematic seeing as last year's storms didn't even put a dent into industry capital. If you are a loser you simply get phased out in this new arena of players.
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  #148  
Old 10-31-2018, 11:01 AM
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What will be interesting to see is how bad Michael impacted (re)insurers and who. Last year there were a few with disproportionate losses relative to market share. Lloyd's, for one. Getting clobbered back to back years will be problematic seeing as last year's storms didn't even put a dent into industry capital. If you are a loser you simply get phased out in this new arena of players.
Yes, events like this illustrate who is taking a disproportionate cat risk relative to peer companies. I'd like to know this answer on US Earthquake, but would not like to have the major event it would take to find this out.
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  #149  
Old 10-31-2018, 11:05 AM
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idk, we could use more capital-depleting events
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  #150  
Old 10-31-2018, 11:08 AM
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idk, we could use more capital-depleting events
But that's just it. Industry capital grew last year from beginning to end of year. HIM were not capital depleting. Michael is a horrific event in the immediate PB / Mexico Beach area and those insuring many risks there will have high losses. But it certainly won't reduce industry capital.

As the poster above said, a big US EQ would be one way. A hurricane Michael hitting Miami or another populated area is another. But it could be 25 years before anything like this happens.

Hence the continued transformation of the reinsurance industry as highlighted in this thread.
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