April 2017/1

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

Two Florida insurers have joined a number of carriers seeking cover from the cat bond market in the run-up to the hurricane season, sister publication Trading Risk reported last week

Munich Re is managing $200mn of funds allocated to the Leo Re vehicle by Dutch pension fund service provider PGGM, sources told sister publication Trading Risk

The Insurance Insider's aggregate of P&C (re)insurers, The Insider 50, fell into the red last month as the market continued to digest annual results.

Lloyd's Names continued to enjoy double-digit returns from non-aligned syndicates for the 2014 year of account (YoA), with an average return on capacity of 12.1 percent.

Lloyd's has established a track record of bettering peer groups like the US specialty insurance market, the global reinsurers and Bermuda, driven by superior underwriting performance.

The Insurance Insider looks in detail at the results for Lloyd's aviation, marine, energy and motor segments

The Insurance Insider looks in detail at the results for Lloyd's reinsurance, property and casualty segments

Lloyd's profits for 2016 were flat year-on-year at £2.1bn ($2.6bn), but were driven by a one-off gain in investment income, as underwriting returns shrank to just a quarter of the prior-year result at £468mn.

The energy insurance market is approaching a pricing "cliff edge" as the sector continues to struggle with both overcapacity and the downturn in the global energy industry, according to JLT.

Stellar Daisy loss; Mitsui takes 11% stake in UIB; Third Point posts 0.9% March return; LMA calls for data rules leeway; People's Insurance Group names president; Debbie damage assessed; Trust Re profits drop 40; Proteus and QBE strike partnership

Endurance has lost a substantial part of its Japanese non-life reinsurance book as a result of its $6.3bn takeover by big three insurer Sompo.

The Lloyd's and London market was last week challenged to get behind a charity adventure to commemorate the 75th anniversary of the daring and celebrated Second World War Operation Frankton commando raid on Bordeaux.

After months of speculation (a fair amount of it here) Lloyd's has chosen the beach head that it will use to try to attack the continental European market after Brexit comes into effect in 2019.

With the decision on the location of Lloyd's Brexit-workaround subsidiary taken, managing agents must now take a call on whether to use it or to pursue their own contingency plans in parallel.

A Berkshire Hathaway company that offers workers' compensation programmes that have been banned in California and two other states has become the target of a federal lawsuit in New York.

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.

Time is running out fast in the 2017 Florida legislative session for meaningful reform to address the assignment of benefits (AOB) issue that has been swamping Citizens and private homeowners' carriers in the state.

Lawrence Holder, the former managing director of Lancashire's Lloyd's arm Cathedral, has joined Peter Scales' start-up Blenheim as non-executive chairman, The Insurance Insider can reveal.

The dwindling appetite of a number of reinsurers for US trucking and transportation treaties is creating more challenging placement conditions for brokers on some deals, The Insurance Insider can reveal.

Back in its 2006 annual report, Lloyd's reported net earned premiums of £12.7bn ($15.8bn) and spent £3.4bn on acquisition costs and £910mn on admin.

The Lloyd's market looks on course for a resurgence of M&A in the latter stages of the soft cycle with a number of situations developing in the wake of Argenta's fully valued sale to Hannover Re last month.