• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in
Responsive Advert Banner

Analysis

  • Carriers repatriated less capital to shareholders during the first quarter of 2015 as a wave of M&A activity swept over the industry.
  • Underwriting performance at the P&C carriers tracked by The Insurance Insider worsened during the first quarter of 2015 despite a low level of major catastrophe losses and stable reserve releases.
  • The first quarter reporting season has left investors little to get excited about. With returns compressing, ongoing reinsurance rate declines, meagre investment returns and Q1 underwriting performance deteriorating even in the absence of major catastrophes, it's easy to become despondent.
  • Growth at the companies included in The Insurance Insider's fast-shrinking public Lloyd's composite picked up pace in the first quarter as three of the four carriers wrote notably more business despite a softening rating environment.
  • Bermudian and short-tail carriers handed back less capital during the first quarter of 2015 as a flurry of (re)insurers turned to M&A in a bid to create shareholder value.
  • Short-tail specialists delivered compressed operating returns during the first quarter of 2015 as underwriting performance deteriorated despite another benign period for catastrophe losses.
  • Operating returns for Bermudian carriers came under further pressure during the first quarter of 2015, as narrowing underwriting profitability, continued strain on investment income and increasing book value squeezed margins.
  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • The Insider 30 nudged up by 0.54 percent last week, outperforming wider stock benchmark indices such as the S&P 500, FTSE 100 and Euro Stoxx 600
  • Gross written premiums (GWP) for The Insurance Insider's composite of short-tail specialists fell by 2.0 percent to $2.26bn in the first quarter - contrasting with 4.1 percent growth in Q1 2014 - as softening pressured carriers' top lines
  • Growth in the first quarter was negligible for The Insurance Insider's Bermudian composite as increased insurance writing was almost entirely offset by top-line pressure in reinsurance books
  • Global reinsurers booked robust premium growth at their P&C reinsurance segments during the first quarter as favourable currency movements offset the impact of rate softening.
Responsive Advert Banner