April 2017/4

The Insider 50 index of (re)insurance stocks rose 0.57 percent week-on-week amid news of unexpectedly high first-quarter catastrophe losses and a surprise UK election

CEO pay at The Insurance Insider's broker, US specialty and US large-cap composites

The final regulations for London's insurance-linked securities (ILS) hub have been delayed until after the UK general election on 8 June

CEO pay at The Insurance Insider's Bermuda, London and global reinsurer composites

Spreads for American Integrity Insurance Company's debut cat bond Integrity Re 2017-1 settled at the lower end of revised guidance, according to sources

The Resilience Re club cat bond platform run by Willis Towers Watson Securities has completed its third deal this year with a $173mn insurance-linked securities (ILS) issuance, according to a Bermuda Stock Exchange announcement

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

The list of risers was predominately populated by brokers, but at the top stood Markus Riess of Munich Re, whose remuneration more than doubled to EUR3.2mn ($3.9mn), which enabled him to rise 77 positions in the year.

The collective remuneration of the 50 highest paid executives in the P&C (re)insurance industry increased by 9.9 percent to $455.6mn in 2016, The Insurance Insider's executive pay league has shown.

Casserley joins Warburg Pincus; Marsh launches retail vehicle with Nephila; MGA Nirvana launches; Reinsurance returns 'delicately poised': Vickers; Hamilton Re buys Canopius casualty book; Neon hires D&F underwriter

The growth of the standalone cyber (re)insurance market is "crucial" if the industry is to provide a sustainable long-term solution to cyber risk, according to JLT Re.

Environmental liability underwriters could face pricing and policy wording challenges because of Brexit, Cunningham Lindsey's head of environmental solutions has warned.

The Financial Conduct Authority (FCA)'s investigation into the wholesale insurance market highlights mounting concern around the changing relationship between brokers, insurers and insureds, according to observers.

New technology often introduces novel risks. And these exposures, such as the threat of identity theft by internet hackers or car accidents resulting from texting while driving, can present opportunities for insurers.

So far, the development of a burgeoning US run-off market that mimics that in the UK has been all sizzle and no steak.

At least two more states in the US have followed Rhode Island by introducing legislation that could pave the way for a run-off sector in the country that looks more like the UK or continental European market.

After a dip in pricing this time last year nominal US commercial P&C rates appear to be in modestly positive territory again, if early Q1 reporters Travelers and RLI prove to be indicative of the rest of the sector.

Heritage has put out firm order terms (FOTs) to the market that appear to be broadly flat on the two core layers of its cat excess-of-loss tower, The Insurance Insider can reveal.

Dubai-headquartered MGA Elseco has landed $75mn of capacity for its growing aviation insurance platform, The Insurance Insider can reveal.

(Re)insurers in the trade credit and surety sector could suffer net losses of up to EUR250mn ($271mn) from the collapse of Seville-based multinational renewables group Abengoa, The Insurance Insider has learned.

It's really easy to knock a limpet off a rock if it's not expecting the blow to come.

The initial shock at a major intervention from the consumer-focused Financial Conduct Authority (FCA) in the aviation insurance market has given way to perplexity about the target of the investigation.