Advisen Web Clippings: 2008

Summit Business Media to look overseas in 2009, CEO says mergermarket
21/08/2008

Summit Business Media, the New York City based business-to-business (B2B) publisher, is interested in overseas acquisitions, said new chief executive Andrew Goodenough in an interview. The Wind Point Partners backed company - which has made seven buys in the last 21 months - is going to "take a little pause" on buying, but plans to start looking again in the Fall for 2009. The USD 150m revenue business has identified about 400 companies, and is in dialogue with approximately 50, Goodenough said.

Summit is looking to expand its insurance, mining and futures businesses beyond the US, and is interested in data products, events and reference. Though still interested in print publications, Goodenough said the company was gearing "a little bit" away from it.

The company has number of property and life insurance assets, and is interested in adding to its portfolio with acquisitions of companies based in Bermuda or London, Goodenough said. Depending on the asset, it will pay multiples in the low double digits for electronic buys, and six to eight times EBITDA for print assets.

There are not many UK groups left for Summit to pursue in independent publishing, a UK industry source said. The industry has been through a wave of consolidation, with the large media groups, such as Incisive, Informa or Centaur, having acquired most already, the source explained. However, some targets remain.

The Insurance Insider, which publishes four titles focusing on the insurance industry, is a rare beast in the UK insurance publishing industry, the source said. The group also generates revenue by producing events. Peter Hastie, the company's founding editor, said Insurance Insider "is not for sale" and declined to comment on a potential offer from Summit.

Insurance data provider Axco, which has revenues in the region of USD 7m-10m, also could be of interest, a second industry source said. It is understood the group is holding exclusive talks with a trade player to be acquired. Axco's joint owner Nigel Harley declined to comment.

New York-based insurance data group Advisen, the second industry source said, could also be a good fit with Summit Media. Although US-based, the group also operates in Europe, through its London office. Advisen's managing director for Europe Mason Power declined to comment on Summit, but said the group could engage in M&A activity if there was a "two plus two equals six type of concept". "We are always looking for third parties we can work with. If it made more sense to our clients to do M&A, then we would look at it," he added. Advisen has some 100 employees, and provides information into underwriting, marketing and purchasing commercial insurance. The group is privately-funded and independently-owned.

Summit's Goodenough said he was familiar with The Insurance Insider and Advisen, but declined to comment further. Summit also has seen great success with its Futures magazine, and wants to expand it into a global business. London is a "very good place" for futures-focused assets, he noted.

Similarly, the company is looking to expand its mining division. It has a "huge show" in Cape Town, and is looking for more data, events and reference-related businesses, "ideally based" in Canada or Australia.

Goodenough is taking over the reins from William Reilly, who will continue as Chairman of the company. Goodenough, named president in September 2007, is a veteran of the B2B industry—prior to Summit he was president of Thomson Media's Banking Publishing/Conferences Group.

The company uses Reed Smith for legal advice; Eric Baum, VP of Business Development, runs the company’s internal M&A team.

Dave Bradford speaking on a panel at the CPCU Conference

Risk & Insurance Sept 8 http://www.riskandinsurance.com/story.jsp?storyId=125487206

Wednesday, 9 July 2008

Nanotechnology Report June 2008

5 Feb 2009 Canadian Underwriter http://www.canadianunderwriter.ca/issues/ISArticle.asp?id=95686&issue=02052009

11 July Claims Council http://www.claimscouncil.org/news/2008/07/11/insurers-face-nano-risks

10 July Insurance Times http://www.insurancetimes.co.uk/story.asp?sectioncode=1&storycode=372743

9 July Nanotechnology Directory http://www.nanovip.com/node/8071

8 July Strategic Risk http://www.strategicrisk.co.uk/story.asp?sectioncode=23&storycode=372728&c=3

8 July Royal Gazette http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?sectionId=65&articleId=7d8740d3003000c

Wednesday, 30 April 2008

Advisen & AIRMIC launch UK Benchmark Survey

2 May Insurance Day

Airmic benchmark
A NEW initiative to provide benchmarking to buyers of insurance in the UK has been launched by the Association of Insurance and Risk Managers (Airmic) and the provider of benchmarking services Advisen. Airmic commissioned the Benchmark Survey, the only survey in the UK where data was directly obtained from risk managers. Airmic hoped that this would provide more accurate tracking of buying trends for all major coverage lines across a wide range of commercial insurance buyers. It will also help the association’s members and other subscribers to obtain relevant peer group comparisons. By using the benchmarking charts they will be more informed in considering the structure and expected cost of their insurance programmes

1 May Post Magazine http://www.postmag.co.uk/public/showPage.html?validate=0&page=post_login2&url=%2Fpublic%2FshowPage.html%3Fpage%3D791976

30 Apr Strategic Risk http://www.strategicrisk.co.uk/story.asp?storycode=371275

30 Apr Global Reinsurance (via Strategic Risk) http://www.globalreinsurance.com/story.asp?storycode=371275

30 Apr Post Magazine http://www.postmag.co.uk/public/showPage.html?page=post_breakingnews_story&tempPageName=791876

30 Apr Insurance Age http://www.insuranceage.com/public/showPage.html?page=iage_breakingnews_story&tempPageName=791876

29 Apr Insurance Age http://www.insuranceage.com/public/showPage.html?page=iage_breakingnews_story&tempPageName=791552

29 Apr Business Insurance http://www.businessinsurance.com/cgi-bin/news.pl?id=12841

29 Apr Business Insurance Europe http://www.bieurope.com/cgi-bin/news.pl?id=12841

29 Apr Reinsurance http://www.re-world.com/public/showPage.html?page=reinsurance_breakingnews_story&tempPageName=791552

29 Apr NY Sun www.nysun.com/related_results.php?term=London

Wednesday, 23 April 2008

2008 Broker Remuneration and Services Survey

30 Apr Royal Gazette http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?articleId=7d84f333003001d&sectionId=65

28 Apr StreetInsider http://www.streetinsider.com/Press+Releases/New+Advisen-RIMS+Study+Finds+Shifting+Relationship+between+Insurance+Buyers+and+Brokers/3581095.html
28 Apr Ad Hoc News http://ipo.ad-hoc-news.de/CorporateNews/en/16570739/New+Advisen+RIMS+Study+Finds+Shifting+Relationship+between
28 Apr TD Ameritrade http://research.tdameritrade.com/public/markets/news/story.asp?docKey=100-119b1050-1&searchCategory=markets

28 Apr LexisNexis http://corporate.lexisnexis.com/news/marketing,tracking-measurement-tools/cat300004_doc782981456.html

28 Apr EuroInvestor http://www.euroinvestor.co.uk/news/shownewsstory.aspx?storyid=9816772&BW=20080428005343

28 Apr InsuranceNewsNet http://insurancenewsnet.com/article.asp?n=1&neID=20080428290.2_5b8102417b5c1339

28 Apr Business Insurance http://www.businessinsurance.com/cgi-bin/article.pl?article_id=24748

28 Apr Insurance Insider http://www.insuranceinsider.com/article/View.do?articleId=8245

28 Apr Business Wire http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080428005343&newsLang=en

18 Apr National Underwriter http://www.propertyandcasualtyinsurancenews.com/cms/nupc/Breaking+News/2008/04/18-BENCHMARK-mr

Monday, 21 April 2008

2008 RIMS Book Announcement

21 Apr Insurance Broadcasting.com http://www.insurancebroadcasting.com/042108-7.htm

21 Apr ReduceYour WorkersComp.com https://advmail.advisen.com/exchweb/bin/redir.asp?URL=http://www.marketwire.com/mw/release.do?id=846348

18 Apr National Underwriter http://www.propertyandcasualtyinsurancenews.com/cms/nupc/Breaking+News/2008/04/18-BENCHMARK-mr

18 Apr EIN News http://www.einnews.com/templates/news.php?wid=165418770

17 Apr Forbes http://www.forbes.com/businesswire/feeds/businesswire/2008/04/17/businesswire20080417006258r1.html
17 Apr TD Ameritrade http://research.tdameritrade.com/public/markets/news/story.asp?docKey=100-108b6318-1&searchCategory=markets

17 Apr Canadian Underwriter http://www.canadianunderwriter.ca/issues/ISArticle.asp?id=83085&issue=04172008

17 Apr Yahoo Business http://biz.yahoo.com/n/y/y0017.html

17 Apr CNBC http://www.cnbc.com/id/23957107/for/cnbc

17 Apr Toronto Seeker http://torontoseeker.com/item-1519842.htm

17 Apr EuroInvestor http://www.euroinvestor.co.uk/News/ShowNewsstory.aspx?StoryID=9804986&BW=20080417006258

17 Apr InsuranceNewsNet http://www.insurancenewsnet.com/article.asp?a=top_news&neID=20080417290.2_2fd702b5e061cd09

17 Apr RCR Wireless News http://studio-5.financialcontent.com/crain?Account=rcrnews&GUID=5221629&Page=MediaViewer&ChannelID=3191

17 Apr Ad Hoc News http://www.ad-hoc-news.de/index.html?section=Aktie&art_id=12717724&profilseite=News&news_id=16386371

17 Apr SmartBrief http://www.smartbrief.com/news/aaaa/industryBW-detail.jsp?id=66212319-576C-46CB-AA65-CD238E0ECA4F

17 Apr Business Wire http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080417006258&newsLang=en

Tuesday, 8 April 2008

Q1 2008 RIMS Announcement

9 May Selective Group's Earnings Call http://intnews.advisen.com/documents/NEWSEDGE/2008-05-09/77693403.20080425560.2_ff6f0783ae0e8701.xml

14 Apr Financial Week http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080414/REG/446809299

14 Apr Business Insurance http://www.businessinsurance.com/cgi-bin/article.pl?articleId=24608&a=a&bt=RIMS&arc=n

9 Apr CFO http://www.cfo.com/article.cfm/11002954/c_11003041?f=home_todayinfinance&x=1

7 Apr Canadian Underwriter http://www.canadianunderwriter.ca/issues/ISArticle.asp?id=82549&issue=04072008

7 Apr Financial Week http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080407/REG/459797535/1036

7 Apr Insurance Journal http://www.insurancejournal.com/news/national/2008/04/07/88929.htm

7 Apr Business Insurance http://www.businessinsurance.com/cgi-bin/news.pl?post_date=2008-04-07&id=12662

Monday, 24 March 2008

Beyond subprime

26 March Royal Gazette http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?articleId=7d83d333003000c&sectionId=65

21 March International Herald Tribune http://www.iht.com/articles/2008/03/20/business/minsure.php#

Friday, 8 February 2008

$3.6b D&O Loss Subprime Write Down Update Report

21 Apr Business Insurance http://www.businessinsurance.com/cgi-bin/article.pl?article_id=24617

21 Apr North Bay Business Journal http://www.busjrnl.com/article/20080421/BUSINESSJOURNAL/2703802/1209/BUSINESSJOURNAL04

13 Feb Financial Times Deutschland (print only article by Herbert Fromme)

12 Feb CNBC video http://www.cnbc.com/id/23130521

11 Feb Insurance Insider http://www.insuranceinsider.com/article/View.do?articleId=7733

10 Feb D&O Diary http://dandodiary.blogspot.com/2008/02/about-those-subprime-d-o-loss-estimates.html

8 Feb 08 Insurance Newscast http://www.insurancebroadcasting.com/020808-8.htm

7 Feb CNBC http://www.cnbc.com/id/23046413/

7 Feb Stanford Securities http://securities.stanford.edu/news-archive/2008/20080207_Headline105477_Writer.html

7 Feb 08 Council of Insurance Brokers of Greater New York http://www.cibgny.com/

7 Feb 08 National Underwriter http://www.propertyandcasualtyinsurancenews.com/cms/nupc/Breaking%20News/2008/02/07-ADVISEN-mr

7 Feb 08 InsuranceNewsNet http://insurancenewsnet.com/article.asp?n=1&neID=20080207290.2_418c0132011d34ce and http://insurancecool.blogspot.com/

7 Feb PC Quote http://www.pcquote.com/stocks/newswire/7103965/?tagged=newswire

7 Feb 08 Wall Street Online http://www.wallstreet-online.de/nachrichten/nachricht/2261780.html

7 Feb 08 PR Inside http://www.pr-inside.com/advisen-report-analyzes-impact-of-subprime-r426593.htm

7 Feb 08 Class Actions Lawsuit blog http://www.class-action-lawsuits.org/2008/02/advisen-report-analyzes-impact-of-subprime-meltdown-on-do-and-eo-insurers-business-wire-via-yahoo-finance/

7 Feb 08 Yahoo! Finance http://biz.yahoo.com/bw/080207/20080207005105.html?.v=1

7 Feb 08 Herd on the Street http://content.herdonthestreet.com/herdonthestreet?ChannelID=3191&GUID=4546348&Page=MediaViewer

7 Feb Highbeam Research http://www.highbeam.com/doc/1G1-174320596.html

7 Feb Ad-Hoc News http://www.ad-hoc-news.de/CorporateNews/en/15372662/Advisen+Report+Analyzes+Impact+of+Subprime+Meltdown+on+D&O7

Feb 08 News & Observer http://www.newsobserver.com/1566/story/929584.html

7 Feb 08 Business Wire http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20080207005105&newsLang=en

Tuesday, 5 February 2008

FI Risk Managers Survey: impact of subprime

6 Feb 08 Canadian Underwriter http://www.canadianunderwriter.ca/issues/ISArticle.asp?id=79837&issue=02062008&ref=rss

5 Feb 08 Insurance Journal (with Mapo comment in response to somebody who didn't believe our data) http://www.insurancejournal.com/news/national/2008/02/05/87030.htm

5 Feb 08 InsuranceNewsLink http://www.insurancenewslink.com/Articles/ExternalView?u=7&a=31016&i=1

4 Feb 08 CNBC http://www.cnbc.com/id/22990276/

4 Feb 08 News & Observer http://www.newsobserver.com/1566/story/921843.html

4 Feb 08 Housing Wire http://www.housingwire.com/2008/02/04/do-eo-pricing-not-affected-by-subprime-crisis/ Mason commented here

4 Feb 08 Forbes http://www.forbes.com/businesswire/feeds/businesswire/2008/02/04/businesswire20080204005422r1.html
4 Feb 08 Street Insider http://www.streetinsider.com/Press+Releases/Advisen+Survey+Finds+Subprime+Crisis+Not+Materially+Affecting+D&%3BO+or+E&%3BO+Pricing/3315855.html

4 Feb 08 Insurance NewsNet http://www.insurancenewsnet.com/article.asp?n=1&neid=20080204290.2_b44a00f786de7e2f

4 Feb 08 Insurance Insider http://www.insuranceinsider.com/article/View.do?articleId=7667

4 Feb 08 German news source http://exploration.ad-hoc-news.de/CorporateNews/en/15314690/Advisen+Survey+Finds+Subprime+Crisis+Not+Materially

4 Feb 08 PR Inside http://www.pr-inside.com/advisen-survey-finds-subprime-crisis-not-r420207.htm

4 Feb 08 Business Wire http://www.businesswire.com/portal/site/home/index.jsp?epi_menuItemID=887566059a3aedb6efaaa9e27a808a0c&ndmViewId=news_view&ndmConfigId=1000108&newsId=20080204005422&newsLang=en

Wednesday, 16 January 2008

Coverage of RIMS Q4 2007

3 Mar Financial Week http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080303/REG/811911181

3 Mar Insurance Insider http://www.insuranceinsider.com/article/View.do?articleId=7892

21 Jan Business Insurance http://www.businessinsurance.com/cgi-bin/article.pl?articleId=23901

21 Jan Financial Week http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080121/REG/93589490/1036

15 Jan 08 Business Wire press release http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20080114005149&newsLang=en

14 Jan 08 CNBC http://www.cnbc.com/id/22646330/

14 Jan 08 PR Inside http://www.pr-inside.com/fourth-quarter-rims-benchmark-survey-tm-results-r384929.htm

14 Jan 08 Canadian Underwriter http://www.canadianunderwriter.ca/issues/ISArticle.asp?id=78690&issue=01142008

14 Jan 08 Insurance Journal http://www.insurancejournal.com/news/national/2008/01/14/86404.htm and Insurance Journal blog http://insurance-line.blogspot.com/2008/01/daily-headlines-tuesday-january-15-2008.html

14 Jan 08 Ad Hoc News (Germany) http://www.ad-hoc-news.de/CorporateNews/en/14990487/Fourth+Quarter+RIMS+Benchmark+Survey(TM)+Results+Report

Tuesday, 15 January 2008

Coverage of Subprime write-down report

18 Jan 08 Mortgagers eFinance http://www.mortgagerefinancenews.com/2008/01/18/global-subprime-losses-may-top-450-billion/

16 Jan 08 Global Reinsurance http://www.globalreinsurance.com/story.asp?sectioncode=5&storycode=368806&c=1

16 Jan 08 Insurance Newslink http://www.insurancenewslink.com/Articles/ExternalView?u=7&a=30881&i=1

16 Jan 08 Vectors http://chasevectors.blogspot.com/2008/01/more-to-follow.html

15 Jan 08 Reuters http://www.reuters.com/article/pressRelease/idUS135579+15-Jan-2008+BW20080115

15 Jan 08 Thomson Financial Insurance NewsNet http://www.insurancenewsnet.com/article.asp?n=1&neid=20080115290.2_d80500951dabe4cd

15 Jan 08 Securities Law 360 http://securities.law360.com/Members/ViewArticlePortion.aspx?Id=44106&ReturnUrl=..%2fsecure%2fViewArticle.aspx%3fId%3d44106

15 Jan 08 AOL Money http://money.aol.com/news/articles/_a/advisen-report-170-billion-in-subprime/n20080115080609990034

15 Jan 08 National Underwriter http://www.propertyandcasualtyinsurancenews.com/cms/nupc/Breaking%20News/2008/01/15-SUBSUITS-dh

15 Jan 08 Business Wire press release http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20080115005312&newsLang=en

15 Jan 08 Insurance Journal http://www.insurancejournal.com/news/national/2008/01/15/86431.htm
and Insurance Journal blog http://insurance-line.blogspot.com/2008/01/daily-headlines-tuesday-january-15-2008.html

15 Jan E&O Radar http://www.theindustryradar.com/Home/?currentHome=/Accounts/radar/layouts/eo.xml

15 Jan 08 PR Inside http://www.pr-inside.com/advisen-report-170-billion-in-subprime-r387252.htm

14 Jan 08 Mortgage Solutions http://www.mortgagesolutions-online.com/public/showPage.html?page=665997

Advisen Web Clippings

Wednesday, 31 December 2008

Advisen Forecasts End of Soft Market & Shape of Hard Market to Come

Wednesday, 5 November 2008

$9.6b D&O and E&O Insured Loss from Credit Crisis

Friday, 24 October 2008

Q3 2008 Advisen RIMS Survey Results

Thursday, 9 October 2008

What Brokers are Saying about the AIG Crisis

Thursday, 2 October 2008

What Risk Managers are saying about AIG

Tuesday, 23 September 2008

The AIG Liquidity Crisis and Its Impact on the Insurance Market

Wednesday, 10 September 2008

M&A Activity