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  #31  
Old 07-01-2015, 08:44 AM
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For ACE or Chubb?
Both. Keep the best employees from both companies
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  #32  
Old 07-01-2015, 08:50 AM
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what's your problem man?
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  #33  
Old 07-01-2015, 09:09 AM
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  #34  
Old 07-01-2015, 09:28 AM
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Arthur it is! That's a whole bunch of back office actuaries spread around the east coast now wondering what that means for them. If I was an under performer, not that i am nor do i work there, I'd be polishing my resume right about now.
There's certainly both risk and opportunity when 2 companies this big combine. Big mergers often result in back office layoffs, but I haven't generally seen significant actuarial layoffs in most P&C mergers. In fact, mergers generally create more actuarial work for the first couple of years. I have no idea on what might be the case with this merger though. You are of course right that this merger might present opportunities to prune some dead wood though.
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  #35  
Old 07-01-2015, 09:57 AM
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Originally Posted by Beach Bum View Post
Arthur it is! That's a whole bunch of back office actuaries spread around the east coast now wondering what that means for them. If I was an under performer, not that i am nor do i work there, I'd be polishing my resume right about now.
For ACE or Chubb?
Both.
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  #36  
Old 07-01-2015, 03:16 PM
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What is the capital situation in the market right now and is it affecting the M&A arena?

I used to have my finger on this stuff.
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  #37  
Old 07-01-2015, 03:36 PM
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What is the capital situation in the market right now and is it affecting the M&A arena?

I used to have my finger on this stuff.
The market is awash in capital with limited growth in many areas, and that's definitely affecting M&A.

Alternative capital has moved in and eaten a lot of property cat capacity in recent years, further exacerbating the situation.
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  #38  
Old 07-01-2015, 03:58 PM
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Low yields, zero hurricanes in years with El Nino expected to make this another potential zero-hurricane year, alternative capital in property space.

People are bored, figure they should go big or go home.
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  #39  
Old 07-28-2015, 02:45 PM
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This just in:

http://www.cityam.com/221101/rsa-sha...takeover-talks

Quote:
Shares in London-listed RSA Insurance Group soared per cent this morning as Swiss rival Zurich confirmed it was considering a takeover bid.

Zurich is reportedly mulling a bid in excess of £5.5bn for the business as new rules come in governing how much money insurers must set aside to protect against potential market shocks.

Zurich, which has a market cap of CHF46.6bn (£31.1bn), acknowledged “speculation in relation to RSA Insurance Group and confirms that the company is evaluating a potential offer for RSA Insurance Group.

“This announcement does not amount to a firm intention to make an offer and there can be no assurance that any offer will be made.”

etc ...
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  #40  
Old 08-03-2015, 08:27 AM
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EXOR offers $6.4B cash to buy Partner Re, trumping the previous all-share offer that Axis made.

http://www.reuters.com/article/2015/...0N51RY20150414
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Partner rejects EXOR bid as Axis ups it's offer
http://www.insurancejournal.com/news.../04/366716.htm
They are altering the deal, pray they don’t alter it any further.

Exor Triumphs in Battle for Bermuda Insurer PartnerRe


Quote:
Originally Posted by NYT
LONDON — The Italian investment company Exor said on Monday that it had agreed to acquire PartnerRe for $6.9 billion in cash, ending a months-long pursuit and a battle with Axis Capital Holdings for the Bermuda insurer.

PartnerRe said that it would walk away from a previous merger agreement with Axis Capital and would pay a $315 million termination fee.

PartnerRe and Axis agreed to merge in January, but Exor has aggressively pursued PartnerRe, making several sweetened offers for the company and mounting a prominent public relations campaign to win over its shareholders.

The agreement is a coup for John Elkann, Exor’s chief executive and the scion of the Agnelli family that founded and still controls the Italian holding company.
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