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Reinsurers were given some reprieve at the 1 April renewals, as property catastrophe reinsurance rate declines continued to moderate and cedants increased their overall purchasing, according to Willis Re.
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The UK insurance industry might be on red alert for the outcome of Brexit negotiations, but carriers are also laying the foundations for long-term market access, says Laura Board
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Market intelligence on the QT
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Business class updates for the global market
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IQ's round-up of regional market developments
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Share price data on The Insurance Insider's universe of P&C (re)insurers
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The investment results of The Insurance Insider's composites broadly improved in 2016, as a combination of a stronger performance by risk assets, rising interest rates and a lengthening of duration helped carriers better their 2015 performance.
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All of The Insurance Insider's composites endured a challenging end to the year, with returns down for every group and performance meaningfully weaker for two composites.
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All the composites in our analysis recorded higher combined ratios in the fourth quarter compared to the same period in 2015.
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The P&C (re)insurance industry delivered another set of discouraging results for the final three months of 2016, as carriers reported contracting underwriting margins, depressed returns and competitive pricing.
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When I first visited Germany I was amazed by the extraordinary phenomenon of being apologised to for the Second World War.
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The global reinsurers reported narrowing underwriting margins at their P&C reinsurance operations in the final quarter of 2016, as loss ratios were pushed up by above-median catastrophe losses across the board.