April 2016/4

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

Returns in the reinsurance market fell in 2015 as rate softening eroded core underwriting margins, according to Willis Re

The first quarter results season inflicted its first hit last week, as Travelers saw its share price decrease by 4.6 percent to $110.84 after reporting earnings that fell short of market expectations.

Insurers may potentially be able to collect damages from their reinsurers for late payment of claims under the incoming UK Enterprise Bill, according to law firm Berwin Leighton Paisner (BLP).

ProSight is suing Rod Fox-backed V3 Insurance Partners after the US managing general agent (MGA) allegedly bound "substandard risks" on the insurer's behalf and "negligently" ignored underwriting guidelines.

Former Willis Re chairman Peter Hearn has denied claims that he owes the reinsurance broker $2.8mn after resigning unexpectedly last year.

Two more candidates have been added to the list of those applying to replace the outgoing Florida insurance commissioner Kevin McCarty.

Global (re)insurer and broker accounting and settlement group Ruschlikon has formally started work on the London Market Group (LMG)'s Target Operating Model (Tom) programme, it announced on 20 April.

A bill to establish a programme that will provide reinsurance for state natural catastrophe insurance programmes has been introduced in the US House of Representatives.

The global insurance industry is cautiously optimistic about investment opportunities in 2016, according to a survey from Goldman Sachs Asset Management (GSAM).

The introduction of large and complex floating liquid natural gas (FLNG) vessels into the energy industry will create new high-exposure risks for insurers.

Travelers was impacted by the return to a relatively normal level of catastrophe events in the first quarter, leading the US carrier to report a deterioration in its overall underwriting results.