April 2018/3

Global reinsurance capital continued to rise in 2017 as alternative capital funds reloaded, according to Aon Benfield.

There is growing evidence that upwards pricing momentum for US commercial property insurance is already waning.

The US P&C industry's reserving deficit deepened to $4.3bn in 2017, according to research from Morgan Stanley.

(Re)insurers must be prepared for the possibility of more frequent multiple-disaster years in future, according to a Swiss Re report.

Pressure on Axa CEO Thomas Buberl is set to intensify after XL's proxy filing showed the French carrier had bid around $2bn more than the only other indicative offer the Bermudian received.

Tumbling cat bond prices continue to exert pressure on the wider reinsurance market and are likely to curb rate increases at the upcoming Florida renewal.

USAA has launched the $175mn Residential Re 2018-1 cat bond, which will provide US multi-peril cover, sister publication Trading Risk reported.

PCS has increased its loss number for Hurricane Harvey to $17.1bn from $15.7bn, according to Trading Risk sources.

Higher loss experience and increasing levels of litigation have led to restricted capacity for US directors' and officers' risks.

Pricing on loss-free airline all-risk accounts showed muted upward movement at the 1 April renewals amid continued overcapacity and an uptick in claims.

Albert Einstein is often said to have described compound interest as the greatest mathematical discovery of all time.

Appetite for acquisitions at the rich multiples targeted by sellers is more limited than the feverish speculation of recent weeks may have suggested, according to an initial canvass of bankers working in the sector.