December 2014/4

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

P&C (re)insurance stocks rebounded last week, with our Insider 30 index recording a 2.77 percent gain.

The insurance industry has been stunned by the US Senate's failure to reauthorise the Terrorism Risk Insurance Act (Tria), Lloyd's chief risk officer and general counsel Sean McGovern has said.

The International Association of Insurance Supervisors (IAIS) has launched a public consultation on the development of a global insurance capital standard (ICS).

The criteria for properties eligible for inclusion in Flood Re have been widened to include band H, the highest property tax band in England and Scotland.

A claimant law firm touting for Quindell investors that suffered losses following the UK insurance services firm's catastrophic share price falls this year claims it has received "almost" 350 responses.

UK insurance group RSA has put a sizable chunk of its underperforming German operation into run-off as CEO Stephen Hester continues to streamline the business and its balance sheet, The Insurance Insider has learned.

Earlier this month, AmTrust filed a defamation suit against short sellers and an equity research firm accusing the defendants of attempting to manipulate the Nasdaq-listed insurer's stock price by publishing "false and misleading" statements.

As 2014 draws to a close, investment managers at insurers can look back on a year of steady performance after lower treasury yields boosted the total return of their portfolios, despite widening spreads in the high yield market.

Insured losses from natural catastrophes and man-made events fell significantly in 2014, according to research from Swiss Re's Sigma research unit.

Just two new start-up syndicates will begin operating in 2015, half the number that launched throughout 2014.

Despite the overall Lloyd's market reducing in size, capacity behind young syndicates has expanded by more than 20 percent for 2015 as new players enter the market and some recent start-ups continue to expand.