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April 2018/2

  • Securis-backed Special Purpose Arrangement (SPA) 6129 made a loss of £31.4mn ($44.2mn) in 2017 following the year's major catastrophe losses, as its combined ratio spiked to 180.4 percent.
  • Aspen Bermuda has returned to the cat bond market for the first time since the 2008 financial crisis, as it seeks to raise $150mn to cover US and European catastrophe risk, sister publication Trading Risk has reported.
  • Insurers requesting the confidential sales materials for StarStone will find a global specialty insurer in far ruder health than the one which Enstar acquired from its private equity backers in 2014.
  • Potential acquirers seeking to engage with Atrium's owners will find an old-style Lloyd's agency business with underwriting pedigree and a model driven by profit commissions and fees.
  • Strategic acquirers and financial bidders requesting the investor memorandum on Chaucer will find a top-15 Lloyd's business that has started to consistently outperform the broader market under The Hanover's ownership.
  • Low catastrophe losses and an improving rate environment should bolster P&C (re)insurers' Q1 earnings, analysts said in recent sector previews, while share prices continue to be buoyed by M&A activity.
  • The 56 Florida homeowners' companies that had their ratings affirmed by Demotech late last month fell to a $407mn underwriting loss in the aggregate for 2017, analysis of statutory filings by The Insurance Insider has shown.
  • The insurance sector has significantly lagged behind other UK industries in its average median gender pay gap, with the specialty insurance sector reporting a far greater pay difference than its composite and retail counterparts.
  • Lloyd's Names enjoyed an average 9.3 percent return on capacity from non-aligned syndicates for the 2015 year of account.
  • MS Amlin is a name which currently looms large in the minds of Lloyd's underwriters.
  • If you were to throw a rock in the air on Lime Street and ask the person it hits to name two of the best CEOs of London market carriers, there is a high probability that Bronek Masojada and Andrew Horton would be very well represented.
  • London market executives have expressed disappointment at the lacklustre rate rises underwriters have been able to achieve following the 2017 catastrophes, as continued overcapacity has served to drown out hard market sentiment.