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April 2017/2

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • Florida Citizens Property Insurance is targeting $250mn for its new Everglades Re II cat bond, according to sources.
  • Louisiana Citizens Property Insurance Corporation is on track to close its new Pelican Re cat bond for an insurance premium of 225 basis points (bps) - the lowest ever for a US wind deal.
  • Florida-based UPC Insurance received the Sponsor of the Year award at the 2017 Trading Risk awards held in London last week.
  • The Insurance Insider's aggregate of P&C (re)insurance companies entered the second quarter of the year in the red
  • The Insider 50 index edged upwards by 0.9 percent over the first quarter of 2017, as valuations plunged at AmTrust and Novae
  • With the start of the first quarter earnings season just days away, investors will be looking carefully for indicators of potential change in US P&C insurance market conditions
  • Nuclear-focused Chaucer Syndicate 1176 was the top performer of the market in terms of profitability for the second year in a row in 2016
  • Expansionist Vibe Syndicate 5678 led the market in terms of premium growth in 2016, as it made a number of hires during its second year of underwriting live business.
  • Lime Street's underwriting performance continued on its downward-sloping curve in 2016, as the simple average combined ratio for syndicates surpassed the breakeven point and reached 102.0 percent for the year.
  • Aon Benfield Apac head retires; Lloyd's streamlines reporting; Berkshire sues Goodyear; Bewlay takes casualty CUO role at XL Catlin; AmTrust Syndicate 2526 placed into run-off; CIRC chairman investigated; Nexus plans debt raise; QBE hires former Attune CEO; Chubb promotes Gunter; CFO Millay retires; Alliant buys SES; NZ counts Debbie cost; US weather losses at $2bn in March; Trov closes funding round; HPS and Madison Dearborn eye Ryan Direct; Terrorism risk climbs: Aon.
  • Neil Mills, the former chairman of Sedgewick Group, has died at the age of 93.