Hurricane Harvey likely won’t spur reinsurance PE deals in overcapitalized market

Hurricane Harvey, insurance, reinsurance, private equity, merger, M&A
Texas National Guard soldiers assist citizens in heavily flooded areas from the storms of Hurricane Harvey in Houston, Texas, U.S. Aug. 27, 2017. Picture taken August 27, 2017. Lt. Zachary West/U.S. Texas Military Department/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RTX3DPK4
  • In 2017, 27 U.S. reinsurance deals with disclosed value of $11.4 bln
  • Three PE reinsurance deals as of Aug. 28 with disclosed value of $1.3 bln
  • Berkshire Hathaway has its own reinsurance group
Don’t expect Hurricane Harvey to spur a rush of private equity investment in reinsurance, according to sources. PE firms have historically been big investors in the sector. The reinsurance sector, however, has changed since the Sept. 11, 2001 terrorist attack, one ...

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