Editors' picks for the week include a story on Goldman Sachs topping the insurance underwriter M&A deal value league table in the third quarter and a piece on Centene entering four new Affordable Care Act markets.
Centene CEO says ACA expansion fills 'social need,' not selling short-term plans
Centene Corp. Chairman and CEO Michael Neidorff said in an interview that there is a "clear need" for it to enter new Affordable Care Act markets and that his company would "stay away" from short-term plans for now.
Cyber insurance-linked securities have arrived, but market still in infancy
Deals to transfer cyberrisk to the capital markets through insurance-linked securities, or ILS, have been done, and more are in the pipeline. But the cyber ILS market remains in its infancy, and some market practitioners doubt that the capital markets are yet ready to take a bigger share of the risk.
Florida Hurricane Catastrophe Fund to weather another large loss after Michael
The Florida Hurricane Catastrophe Fund absorbed approximately $3.2 billion in losses from Hurricane Irma in 2017, but its remaining fund balance still compared favorably with historical levels as Hurricane Michael hit the state.
Multibillion-dollar deals push Goldman to top of Q3 insurance M&A league table
Goldman Sachs & Co. LLC topped the insurance underwriter M&A deal value league table in the third quarter, though J.P. Morgan Securities LLC held the lead in the rankings for the nine-month period ending Sept. 30.
Barclays Capital tops insurance common equity offering rankings through Q3
Barclays Capital Inc. managed to stay in the top spot of S&P Global Market Intelligence's insurance underwriter and broker common equity league table even though it did not earn any deal credit in the third quarter.