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The Insurance Insider's composite of global reinsurers recorded a 2.3 percent weighted average drop in first quarter P&C reinsurance gross written premiums (GWP) to $17.6bn, using a five-year average exchange rate
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London-based carriers posted contrasting gross written premium (GWP) movements in the first quarter
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P&C non-life reinsurance underwriting performances deteriorated in the three months to 31 March for the companies in our global reinsurer aggregate, due to core loss ratio inflation, higher catastrophe losses and Ogden hits
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The Insurance Insider's composite of global reinsurers recorded a 2.3 percent weighted average drop in first quarter P&C reinsurance gross written premiums (GWP) to $17.6bn, using a five-year average exchange rate
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London-based carriers posted contrasting gross written premium (GWP) movements in the first quarter
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Operating returns on equity (RoEs) declined in the first quarter for US specialty insurers, as one-off Ogden impacts and increased core loss ratios eroded bottom lines.
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Combined ratios were up across the board for US specialty insurers in the first quarter, as loss ratios inflated due to lower reserve releases and weaker underlying performances.
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The pace of top line growth among the listed US specialty carriers slowed to 4.3 percent in the first quarter of the year.
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First quarter operating returns on equity shrank for the fourth consecutive year among Bermudian (re)insurers, with one-off Ogden impacts and elevated cat losses eroding profits.
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Share price data on The Insurance Insider's universe of P&C (re)insurers
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The first quarter underwriting result worsened for Bermudian carriers in 2017 compared to the prior-year period, as elevated attritional losses together with Ogden charges and higher cat losses pressured margins.
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The Insider 50 increased for the second consecutive week, climbing 1.6 percent week-on-week to 1,070.2 index points - the highest level in the index's history and 3.6 percent up for the year-to-date