April 2016/3

Share price data on The Insurance Insider's universe of P&C (re)insurers

Last week proved to be a positive one, particularly for euro-denominated stocks, with some insurers recording share price rises of more than 10 percent.

The UK Court of Appeal has sent a landmark professional indemnity (PI) case involving American International Group (AIG) back to the Commercial Court for re-trial.

A UK High Court judge has thrown out an application made by AmTrust Europe for EUR32mn ($36mn) to be reinstated into a neutral trust fund, as the insurer battles its former Italian medical malpractice broker for ownership of the funds.

A Greek ship-owner accused by insurers of scuttling his own vessel in a $100mn case avoided travelling to London because of fears he would be arrested by police, his lawyer told a court on Friday (15 April).

New anti-inversion tax rules have removed the possibility for insurers to move offshore in M&A deals.

Xchanging said it hoped secondary "trades" of reinsurance contracts would become an integral facility of its X-gRm platform after reinsurance broker TigerRisk announced it had completed the first such transaction.

Barbican will continue to cede a 15.4 percent whole-account quota share to Credit Suisse Asset Management in 2016 through the fund manager's new Arcus Syndicate.

Hurricane forecasters are split on the outlook for the 2016 season amid uncertainty over a potential transition to a La Niña weather pattern.

Women have a seat on less than half of the executive boards for companies in the Lloyd's market, a new survey from the Corporation's diversity division has found.

A review of the US directors' and officers' (D&O) market by Fitch Ratings has predicted that rates will continue to decline in 2016, given the headwinds of plentiful capacity and stable loss levels.

Aviation underwriters experienced a relatively muted first quarter for claims in 2016, as loss activity fell substantially compared to the same period last year.