December 2016/2

Investors are a ruthless lot when they want to be.

Shares in Novae fell as much as 27 percent last week after the London-based (re)insurer warned that its full-year profits would fall due to larger individual risk losses in the second half of the year.

Prices were mostly flat across commercial P&C lines during the third quarter, with commercial auto coverage providing the most significant increases, according to Willis Towers Watson.

Shares in Generali climbed 14.22 percent last week to close at EUR14.12 following volatile trading in Italian financial stocks.

Navigators has taken an agriculture treaty team from Ironshore International as it looks to build out its nascent reinsurance platform, The Insurance Insider can reveal.

Former AIG CEO Maurice "Hank" Greenberg lost a bid to block New York State's prosecution of fraud charges against him as the US Supreme Court declined to hear his argument for overturning a lower court ruling that ordered him to stand trial on the civil charges.

Arrowhead General Insurance Agency has shut down its San Francisco office and parted company with Caroline Barwick, little more than a year after she joined to launch a new all-risk commercial property cat facility, The Insurance Insider can reveal.

Hyperion's managing general agency (MGA) arm Dual has suspended its efforts to create a cornerstone panel of capacity providers for its non-financial lines book, The Insurance Insider understands.

The damaged Jubilee fields floating production, storage and offloading (FPSO) vessel Kwame Nkrumah is currently expected to cost (re)insurers as much as $1.4bn, The Insurance Insider understands.

Dear Santa,

As the 1 January renewal process enters its last fortnight a picture is emerging of greater downwards pressure on pricing for property than for casualty, and of the US market bottoming out faster than the international segment.