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August 2016/2

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • There were significant shifts in some (re)insurers' share prices in the first week of August, as the second wave of Q2 results saw investors rally behind outperformers and punish those who missed consensus forecasts
  • Underwriting performance at Bermudian carriers worsened in the second quarter of 2016, as a high level of catastrophes dented loss ratios across the board
  • Bermudian carriers' second quarter growth was in the double-digits for the second year in a row, due primarily to an increase in assumed reinsurance
  • Berkshire Hathaway returns to underwriting profit; AIG offloads NSM stake; Cat losses hit P&C profits at Allianz; Jackson joins RFIB; Profits more than double at Enstar...
  • AmTrust has ended a long-running feud with its former Italian medical malpractice broker Trust Risk Group and its CEO Antonio Somma, the insurer said in a US Securities and Exchange Commission filing last month (20 July)
  • Beach & Associates, in partnership with Istanbul-based Turker, has won a request for proposal (RFP) to be sole reinsurance broker for the Turkish Catastrophe Insurance Pool (TCIP), The Insurance Insider can reveal
  • There was good news for reinsurers this month as management commentary during the Q2 earnings season indicated reinsurance rates are bottoming out
  • A report examining the restrictions on private capital entering Lloyd's has come up with a series of alternative structures in a bid to encourage more money into the marketplace, as it tries to augment the contribution made by Names.
  • The price of directors' and officers' (D&O) coverage fell heavily in the second quarter despite projections of an increase in class action litigation to levels not seen since the financial crisis.
  • Rate reductions continued in the US commercial P&C sector during the second quarter as carriers aggressively priced renewals to prevent books being taken to market, according to the latest survey results from the Council of Insurance Agents & Brokers (CIAB).
  • There were encouraging signs for investors buying into the American International Group (AIG) turnaround story last week as the carrier reported progress in the underlying performance of its core commercial insurance P&C division.