August 2015/4

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

P&C (re)insurance stock performance weakened last week as The Insider 30 fell by 3.39 percent, mirroring the movement of wider stock market indices.

The number of UK industrial deafness claims hit an all-time high in the first half of 2015, topping the previous peak of 50,000 claims back in H1 2013, according to the Institute and Faculty of Actuaries.

Eight international (re)insurers have asked New York's Supreme Court to rule that they are not liable for a $143mn repair bill for the world's largest tunnelling machine.

The Texas office of global broker Willis is facing a multi-million-dollar negligence suit after an insurer refused to pay out following a botched demolition in California.

American International Group (AIG) has confirmed that it plans to appeal a ruling against the group in a landmark professional indemnity (PI) case.

A former Arthur J Gallagher (AJG) senior vice president is suing the broker and an alleged member of the Gallagher family for at least $12.5mn, claiming she was sidelined for reporting a number of sexual harassments.

Insurers are extremely concerned with last minute requirements being made of them ahead of Solvency II implementation on 1 January, according to a survey from industry trade body Insurance Europe.

IAG has entered the debate about whether the Australian government should establish a reinsurance pool as a way of reducing household insurance costs for cyclone-prone regions in Northern Australia.

Almost three quarters of insurance market participants believe they are underprepared in key areas relating to the UK's Flood Re initiative, according to a survey conducted by EY.

European insurers' investment portfolios will become more diversified in the coming months, as low returns and non-investment profits come under pressure, according to AM Best.

Capital management remained firmly on the agenda for Bermudian and short-tail carriers during the second quarter as market headwinds continued to erode profitable growth opportunities.