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Volume
17
The State of the Insurance Market- "Insurance Idol"
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Volume
16
American Recovery and Reinvestment Act - Cobra Implications
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Volume
15
Private equity firms are always looking for ways to take
advantage of cost sharing among their portfolio companies –
whether it is buying raw materials, telephone rate plans, or
insurance.
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Volume
14
The State of the Market – Conference Call
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Volume
13
Insurers such as AIG, Chubb, CNA, Zurich, Hartford, and
Travelers are simply holding companies with multiple
subsidiaries. The subsidiaries are either admitted or
non-admitted in the states where they are licensed to do
business. Typically, the risk profile of an insured, and the
risk appetite of the insurer and their reinsurer(s) will dictate
whether an underwriter will issue a quote through an admitted or
non-admitted subsidiary.
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Volume
12
We have been following the AIG results and restructuring for the
past several quarters. Equity Risk Partners meets on a regular
basis with AIG leadership at the local, regional, and corporate
level. In some cases, we have relationships at AIG that go back
decades.
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Volume
11
The costs associated with purchasing adequate insurance coverage
and providing employees with competitive health and welfare
benefits may be a significant portion of a company’s annual
operating expenditures. For a private equity firm, the ability
to understand and accurately forecast these costs
post-transaction can be an important factor in the success or
failure of an investment.
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Volume
10
Add-on acquisitions are a common way for our portfolio company
clients to meet their growth objectives. Natural synergies must
exist between the Parent (or “buyer”) and the Target (or “subsidiary”)
in order for the acquisition to be successful. However, careful
consideration must be taken in the due diligence process in
order to ensure that the same synergies exist between the
respective insurance programs.
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Volume
9
In many financial decisions, be they business or personal, cost
will be the most important, if not the only determining factor.
This is particularly true when the decision revolves around the
purchase of a product or service deemed to be a commodity, a
characteristic often attributed to both insurance and insurance
brokerage services.
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Volume
8
In order to perform a thorough review of a target company’s
property/casualty and health/welfare insurance programs, knowing
what to look for is as important as steering clear of the most
common due diligence pitfalls. Learn about the top ten most
common insurance due diligence mistakes.
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Volume
7
When conducting due diligence on a prospective acquisition, we
focus the majority of our time analyzing the target’s
insurance policies, loss history, reserves/accruals, risk
management practices, and other information that our private
equity clients would naturally associate with insurance.
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Volume
6
This issue of The Partners’ Perspective addresses the myths
and realities associated with so-called portfolio insurance
programs. Our opinions on this subject are a result of our
exclusive focus on private equity since 1994. During that time,
we have seen every insurance scheme imaginable. Depending on
current state of the insurance underwriting cycle (hard market
or soft market), some schemes worked better than others. None
were foolproof. And, true success almost always required a level
of GP commitment rarely seen in matters of insurance.
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Volume
5
ABC Manufacturing, Inc. was in a quandary. Yearly sales of its
widgets were at an all time high. ABC was keen to increase
production and further the research and development of a new
product. In order to finance this growth, ABC wanted to tap into
a key asset — $50.0 million of inventory and equipment — to
use as collateral for a further line of credit from their
lender.
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Volume
4
An executive liability policy is purchased for one purpose - to
respond when you need it. So what do you do when you receive a
claim? This issue of The Partners’ Perspective outlines the
initial steps you should take in order to have your insurer
favorably respond to your claim.
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Volume
3
Will liability coverage for past occurrences exist after a
merger or asset purchase? Yes…and no. Paint manufacturer, The
Glidden Co., was bought and sold numerous times.
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Volume
2
This Partners’ Perspective will focus on the recent press
reports regarding former WorldCom directors paying millions of
dollars out of their own pockets as part of the pending
securities fraud related class-action lawsuits.
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Volume
1
Welcome to the inaugural issue of The Partners’ Perspective.
For the first Partners’ Perspective, we will focus on the
current hard insurance market and the “Lessons Learned from
Underwriting Cycles”. We have summarized the lessons into a
handy Top Ten List.
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