XL CEO: ‘Reinsurance Sector Littered With Roadkill’, Playing High Stakes Game April 28, 2015 By Sonali Basak XL Group plc Chief Executive Officer Mike McGavick said that while he shuns casinos unless he’s with his mother-in-law, he’s...
Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS April 24, 2015 By Richard Rubin, Sonali Basak and Zachary R. Mider Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from...
EXOR Shuns Hedge Fund Strategy With $6.4 Billion Buyout Plan of PartnerRe April 17, 2015 By Sonali Basak The Agnelli family’s EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it...
OneBeacon Explores Sale; China’s Fosun Interested: Sources April 8, 2015 By Jonathan Browning and Matthew Monks OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to...
Oaktree-Backed Insurer Seeks to Raise $2 Billion, Plans IPO Within Five Years March 30, 2015 By Devin Banerjee and Sonali Basak Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that’s seeking to raise $2 billion with plans...
Regulators Concerned About Risks in $75 Trillion Shadow Banking Sector March 26, 2015 By Huw Jones Authorities are nowhere near to fully understanding “shadow banking” as the $75 trillion sector morphs and grows under the influence...
Amlin, Hiscox Say They Plan to Remain Independent Amid Flurry of M&As March 2, 2015 By Sarah Jones Lloyd’s of London insurers Amlin plc and Hiscox Ltd. both said they have enough scale to stay independent and see...
Loeb’s Third Point Reinsurance Ltd. Shuns Acquisitions in U.S., Europe February 12, 2015 By Noah Buhayar and Sonali Basak Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the U.S....
XL’s McGavick: Hedge Funds Grow in Sophistication in Insurance Arena January 9, 2015 By Zachary Tracer Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief...
Hedge Funds Need to Be Wary of Push Into Catastrophe Risks: XL Group November 3, 2014 By Laura Davison Hedge funds looking for new investments may be pushing too fast into insurance, said Michael McGavick, the chief executive officer...