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The pace of global insurance rate decreases has slowed for the fifth quarter in a row, according to a study by Marsh
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In contrast with their Bermudian counterparts, the vast majority of US specialty (re)insurers opted out of repatriating capital to shareholders through buybacks
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Capital repatriation slowed down in the first quarter compared to the same period of last year for most P&C (re)insurers in our coverage universe, with share repurchases proving unattractive as operating earnings subsided
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Towergate’s holding company KIRS managed to price around £800mn ($1.02bn) of debt on Tuesday through the sale of two six-year notes, but the firm was forced to accept higher yields and structural tweaks to get the issuance away following investor pushback.
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First quarter annualised operating returns on equity (RoEs) fell year-on-year for companies in our coverage, as underwriting results were negatively impacted by Ogden charges, weaker underlying performances and higher catastrophe losses.
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Catastrophe losses surpassed initial approximations in the first quarter, reaching record levels as the majority of claims hit in the last two weeks of the period.
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Underwriting performances in the first quarter worsened year-on-year following underlying deteriorations, one-off Ogden impacts and higher cat losses.
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P&C (re)insurance companies reported waning profitability in the first quarter of 2017, as returns were squeezed by a combination of one-off charges, underlying deteriorations and elevated cat losses.
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First quarter annualised operating returns on equity (RoEs) fell year-on-year for companies in our coverage, as underwriting results were negatively impacted by Ogden charges, weaker underlying performances and higher catastrophe losses.
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Catastrophe losses surpassed initial approximations in the first quarter, reaching record levels as the majority of claims hit in the last two weeks of the period.
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Underwriting performances in the first quarter worsened year-on-year following underlying deteriorations, one-off Ogden impacts and higher cat losses.
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P&C (re)insurance companies reported waning profitability in the first quarter of 2017, as returns were squeezed by a combination of one-off charges, underlying deteriorations and elevated cat losses.