All material subject to strictly enforced copyright laws. © 2021 Insurance Insider is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies | Subscription Terms & Conditions

April 2014/3

  • The Insurance Insider's look-up table for all of the weekly, monthly and YTD share price movements of the companies in our updated composites
  • Takeover target Aspen's share price led the way early last week after The Insurance Insider revealed Endurance's interest in the firm on 14 April, which was later confirmed by the company
  • A US court has rejected an attempt by Standard & Poor's (S&P) to divide a fraud suit brought by the government, which alleged that the rating agency knowingly issued false ratings of securities that turned toxic.
  • There will be no jury trial in the acrimonious case brought by Aspen accusing a former executive vice president of an "orchestrated" attempt to lure its entire casualty team to rival Endurance.
  • The US terrorism risk market is finding it increasingly difficult to price insurance due to the recent uncertainty over the renewal of the Terrorism Risk Insurance Act (Tria).
  • With the 1 July implementation date of the US Foreign Account Tax Compliance Act (Fatca) fast approaching, experts at professional advisory firm EY have urged (re)insurers and brokers to ensure they have systems in place to accommodate the new regulatory demands.
  • Generali's Lion Re European wind bond is set to be one of a handful of cat bonds offering investors insurance premiums of less than 2.5 percent, sister publication Trading Risk understands.
  • Heritage P&C is highlighting Floridian insurers' willingness to buy more reinsurance cover amid falling prices, as it launches a new $50mn offering of its Citrus Re cat bond just days after pricing its first $150mn issuance.
  • The airline insurance market fell to a loss last year for the first time since 2010, a trend which is likely to continue this year as rates continue to fall.
  • Quindell, the insurance-focused UK software and consulting firm, today (22 April) said it was taking legal advice after a critical research note from investment website Gotham City Research sent its share price spiralling downwards
  • Aspen's banker Goldman Sachs has been quietly approaching other possible acquirers for the business as the company's board follows a twin-track approach to fighting off the unwanted attentions of John Charman's Endurance.
  • Lloyd's will support the development of new syndicate consortia as brokers reduce the number of carriers they deal with, the Corporation outlined in its new three-year plan
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree