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December 2016/2

  • Following the sale of four other publicly listed Bermudians over the last two years, the $4.9bn agreed takeover of Allied World comes as little surprise.
  • Monthly share price data on The Insurance Insider's universe of P&C (re)insurers
  • The Insurance Insider's updated group of major non-life (re)insurers, The Insider 50, rose by 3.8 percent last week to close at 1,034.9 on Friday 9 December.
  • Property catastrophe reinsurance rates appear to be on course for further stabilisation at the 1 January renewals, equity analysts reported following meetings with executives at Bermudian carriers.
  • Lloyd's Names were presented with new investment opportunities in the run-up to 2017, with four out of five full syndicate start-ups securing Names backing.
  • Ariel's special purpose syndicate (SPS) 6117 led the market in terms of capacity growth for 2017, with its stamp almost tripling year-on-year to £145.3mn.
  • Lloyd's stamp capacity has surged more than 10 percent for the 2017 financial year to reach £30.5bn ($38.5bn).
  • The disposal of £600mn ($754mn) of RSA's UK legacy exposures could increase the likelihood of special dividends from the insurer, according to Keefe, Bruyette & Woods analyst Greig Paterson.
  • XL Catlin names Bermuda, London reinsurance heads; Enstar $919mn legacy deal; Wall to lead Fosun's US legacy push; Klein to leave Guy Carpenter; AIG's Pakistan loss; Aon Benfield works on new Emea facility; Axis in $1bn share buyback; Zurich Cover-More takeover; JLT's US account wins; The Hartford auto charge; Ropner wins injunction against former director; Wilson named as new Brit CEO; Aon considers benefits sale; Athene sells $1.1bn of IPO shares; IAG plans cost cuts; Aviation market resilience; Neon appo
  • Hong Kong-based reinsurance start-up Nine Merchants Re will initially target the largest markets in the Asia Pacific region ahead of attempts to diversify into the US and Europe, founding CEO Steve Warwick told The Insurance Insider.
  • Insurance-linked securities (ILS) executives said they would like shorter approval timeframes to be introduced into the proposals for a London market ILS regime.
  • XL Bermuda has turned to the cat bond market to line up as much as $1bn of retro cover in what is one of the largest transactions at launch in the insurance-linked securities (ILS) market's history, sister publication Trading Risk reported last week.