Riding the insurance investment wave
Article Abstract:
New York-based Insurance Partners LP is investing in insurance companies throughout the world by providing private equity-type financing for mergers and acquisitions. The investment coalition is trying to take advantage of the growing demand for private equity-type financing in the insurance industry. Among the high-profile deals financed by Insurance Partners are Zurich Insurance Co's acquisition of Kemper Corp and Provident Life & Accident Group's purchase of Paul Revere Life Insurance Co.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1998
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Making waves: mergers, acquisitions, name changes, closings and start-ups helped make 1996 a notable year for consolidation
Article Abstract:
Consolidations were the norm in 1996 for the insurance industry. These mergers were the result of operating inefficiencies that have led to tight profit margins, ineffective distribution channels, reserve deficiencies, technological uncertainty as regards the year 2000 problem, and increased catastrophe losses. Approximately 50 companies were either merged or dissolved, while 30 new companies were licensed and 65 changed corporate names.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Small insurers given hope amid consolidation frenzy
Article Abstract:
The Insurance Information Institute's Sean E. Mooney, in comments at the 1996 Society of Chartered Property Casualty Underwriters convention, said that some small insurers may not be doomed to being taken over, despite the fierce competition that is squeezing premium revenues. He noted that small insurers are thriving in niche markets, where competition is not as stiff as it is in some more general business lines.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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