Editors' picks for the week include an article on Allen & Co. advising on a multibillion-dollar deal in the insurance space for the second time in three months and a report on natural disasters slowing deals for mortgage servicing rights.
Aetna CEO: Tax reform played role in deal talks with CVS
Tax reform deliberations in Congress and their potential implications played a part in the $69 billion deal between health insurer Aetna Inc. and CVS Health Corp., executives said during a call to discuss the transaction.
Allen again earns advisory assignment on large insurance deal
For the second time in three months, Allen & Co. LLC is advising on a multibillion-dollar deal in the insurance space, one that could generate more than $500 million in total fees for the investment banks involved.
Natural disasters slowed MSR sales in Q3, but deal market now 'healthy'
A pair of major hurricanes that struck the U.S. in the third quarter slowed deals for mortgage servicing rights for a time, but the acquisition market has since rebounded, according to one industry player.
In search of rapidly disappearing prior-year P&C reserve releases
Favorable development of loss and loss-adjustment-expense reserves for prior accident years among U.S. property and casualty insurers all but evaporated during the third quarter, an S&P Global Market Intelligence analysis finds.
Reinsurers push for more countries to reap benefits of US-EU covered agreement
Reinsurers based outside the EU and the U.S. could be poised to benefit from an accord between the European Union and the U.S. known as the covered agreement, regulators and industry professionals said Dec. 3 at an insurance regulatory meeting in Honolulu.