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What your clients are reading

In this week’s news: M&A activity bumps up share prices for insurers, while the Arctic takes a hit due to climate change.

Staff on November 30, 2016

First the good news this week: acquisitions are good for the bottom line. New research from Willis Towers Watson and Cass Business School indicate that insurers’ share prices surge after deals. Chubb certainly feels that way. The insurer announced that its acquisition by Ace will yield great opportunities for brokers. And Ontario will soon get driverless cars.

In bad news, an international report says the Arctic is perched on the edge of fundamental social and environmental change, indicated by the loss of summer sea ice and the slow creep of shrubs and trees across the tundra.

Insurers to strongly outperform following pickup in major M&A deals
The margin by which insurers are outperforming their competitors in terms of share price following major acquisitions has increased by almost four times since 2008, according to new research by Willis Towers Watson in conjunction with Cass Business School and Mergermarket. Findings from the Insurance M&A Success Tracker, based on analysis from Willis Towers Watson and Cass Business School, of all deals with a value of more than US$50m conducted since 2008, show that insurers making acquisitions delivered significantly better share price performance than their peers in the 12 months surrounding the deal.

New Chubb Canada offers greater advantage for brokers: COO
The new Chubb Canada is in a stronger position to offer greater opportunities for brokers following the acquisition of Chubb Corp. by Ace Ltd., according to its chief operating officer Andy Hollenberg.
Speaking at the Insurance Institute’s “At the Forefront” breakfast event, held in downtown Toronto on Nov. 29, Hollenberg said the greatest benefits for brokers to come from the newly formed Chubb, are the company’s “combined resources, new product offerings, commitment to service and expanded appetite and capabilities.”

Study says Arctic faces 19 tipping points
An international report says the Arctic is perched on the edge of fundamental social and environmental change as it faces 19 tipping points ranging from loss of summer sea ice to the slow creep of shrubs and trees across the tundra. “There are quite a number of examples,” report co-author Martin Sommerkorn said Friday. “The resilience of the Arctic is not only decided in the Arctic, and the resilience of this planet is not only decided globally, but also decided very much in the Arctic.”

Ontario announces participants in self-driving car pilot project
Self-driving vehicles will soon hit Ontario roads, with the first three participants in the province’s pilot project announced today. Ontario became the first province in Canada this year to open up a pilot project to test automated vehicles on its roads. Transportation Minister Steven Del Duca announced today that the University of Waterloo’s Centre for Automotive Research will test a Lincoln MKZ, auto manufacturer the Erwin Hymer Group will test a Mercedes-Benz Sprinter Van and QNX, a software subsidiary of BlackBerry, will test a 2017 Lincoln.

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What your clients are reading