April 2013/5
-
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
-
American International Group (AIG) has revealed how a pioneering scheme of arrangement was used as part of a major group restructure, despite advisers initially deeming it impossible.
-
The UK employers' liability (EL) and periodic payment order (PPO) markets are potential growth areas for legacy if regulatory and valuation issues can be overcome, UK run-off leaders predict.
-
London-listed Randall & Quilter (R&Q) and German run-off (re)insurer Darag have raised £25mn and EUR60mn respectively to power acquisitions in the legacy space.
-
One half of the UK's new financial services regulatory regime has already come under fire from the industry only weeks after it was officially launched.
-
Run-off to live group Randall & Quilter (R&Q) is set to become the latest UK-listed insurer to move offshore after announcing plans to redomicile to Bermuda due to regulatory and operational issues.
-
Only 16 percent of the Lloyd's market is yet to comply with Solvency II requirements three years ahead of the 2016 deadline, according to a recent directors' briefing.
-
The US Federal Insurance Office (FIO) has asked for (re)insurers' advice on the state of the catastrophe insurance market and the role that government can play to mitigate risk.
-
Prominent London market executive Michael Wade has been appointed as an expert adviser to the UK government to examine ways of producing efficiencies in the way the administration procures insurance products.
-
A handful of new special purpose insurers (SPIs) were registered in Bermuda in March, including Accordian (sic) Reinsurance II and Mona Lisa Re.
-
The first quarter results from Bermudian reinsurers Montpelier Re and Validus revealed an uptick in the property premiums written via their managed funds platforms, Blue Capital and AlphaCat.
-
Repeat insurance-linked securities sponsors Allianz and Travelers may pay just half the risk-adjusted premiums for their latest cat bonds compared to their 2012 iterations, according to analysis by our sister publication Trading Risk.
-
The profitability of US P&C insurers nearly doubled year-on-year in 2012 despite Superstorm Sandy and poor investment performance, according to data published jointly by ISO, the Property Casualty Insurers Association of America (PCI) and the Insurance Information Institute (III).
-
The first quarter reporting season is due to kick off in London this week with a trading statement from Novae on 1 May.
-
The resurgent Lloyd's (re)insurer Novae is under pressure from analysts to change its reserve disclosures after its unusual approach to accounting assisted its extraordinary 2012 outperformance.
-
Reinsurers expect the traditionally lucrative Florida reinsurance market to offer attractive premiums despite fears of a particularly competitive 1 June renewal.
-
Aside from pricing, Q1 earnings calls have focused on how best to utilise excess capital in the sector and on strategies for improving investment returns in what remain challenging conditions for finding adequate yield.
-
A hectic week for equity analysts jumping between US P&C industry earnings calls provided plenty of evidence from senior management of sustained momentum for commercial insurance rate increases.
-
Aon maintained its organic growth momentum in the first quarter as net income from continuing operations rose 9.6 percent to $261mn and earnings per share increased by 13 percent to $1.11.
-
Global broker Aon hailed the success of its heavy investment in new services last week as it posted increased retail brokerage growth in the US and the wider Americas in its first quarter results.
-
The 15 April terrorist attack in Boston has emphasised the need to reauthorise the Terrorism Risk Insurance Program (TRIPRA/TRIA), according to insurance executives attending the RIMS convention in Los Angeles last week.
-
The resolve shown by commercial heavyweight Chubb is a key factor behind the renewed discipline in the directors' and officers' (D&O) market that has prompted across-the-board rate increases, according to numerous market sources.
-
As (re)insurance executives at the RIMS conference in Los Angeles last week struggled to find a catch-all phrase to sum up the current US P&C pricing dynamics, one word that was increasingly used was "rational".
-
The Insurance Council of Texas estimates that the total insurance bill from an explosion at West Fertilizer's plant in West, Texas, last week may reach $100mn.
Most Recent
-
Allianz Commercial promotes Soja to lead global marine
17 April 2024 -
UAE record rainfall causes floods in Dubai
17 April 2024