Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 26 years of covering Asia Pacific equities, the past 20 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

IAG AU: Greensill Settlement Removes Overhang. Tokio Marine Will Take Note

Quiddity Advisors

Event-Driven

<ul>
<li>Reportedly cashed-up <a href="https://www.smartkarma.com/entities/tokio-marine-holdings-inc" target="_blank" data-smartkarma-citation="entities:7591:1" rel="noopener">Tokio Marine Holdings (8766 JP)</a> is running a ruler over <a href="https://www.smartkarma.com/entities/insurance-australia-group-ltd" target="_blank" data-smartkarma-citation="entities:712:1" rel="noopener">Insurance Australia (IAG AU)</a> or <a href="https://www.smartkarma.com/entities/suncorp-group-ltd" target="_blank" data-smartkarma-citation="entities:4218:1" rel="noopener">Suncorp (SUN AU)</a>, each with market cap of ~A$20bn.</li>
<li>IAG recently (partially) settled its Greensill legal exposure; but hasn't stress tested the remaining cases. Plus its acquisition of RACWA's insurance underwriting arm has entered Phase 2 with the ACCC.</li>
<li>Suncorp is potentially a cleaner play after selling Suncorp Bank to <a href="https://www.smartkarma.com/entities/anz-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:40898:1" rel="noopener">ANZ Group Holdings (ANZ AU)</a> in 2024.</li>
</ul>


Reportedly cashed-up Tokio Marine Holdings (8766 JP) is running a ruler over Insurance Australia (IAG AU) or Suncorp (SUN AU), each with market cap of ~A$20bn.
IAG recently (partially) settled its Greensill legal exposure; but hasn't stress tested the remaining cases. Plus its acquisition of RACWA's insurance underwriting arm has entered Phase 2 with the ACCC.
Suncorp is potentially a cleaner play after selling Suncorp Bank to ANZ Group Holdings (ANZ AU) in 2024.


Insurance Australia

IAG/Suncorp: Tokio Marine Kicking Tyres