February 2016/3

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

The Insider 30 closed the week essentially flat, yet the lack of overall movement masked some large weekly fluctuations.

Some 85 percent of London market insurance professionals are still unwilling to write Iranian business due to ongoing US sanctions.

Willis is suing rival broker JLT for a total of $98.3mn after 32 employees from its fine art, jewellery and specie team left in a mass exodus last year.

After a damaging fourth-quarter release, Zurich has some serious soul searching to do.

Operating return on equity (RoE) weakened in the final quarter of 2015 for The Insurance Insider's Bermuda composite, dropping 310 basis points (bps) to 8.9 percent.

The Insider 30 Bermudian composite's top line advanced by 22.9 percent in the fourth quarter to $6.8bn, as a trio of major transactions propelled the group to its highest growth in the past five years.

American International Group (AIG)'s exit from lawyers' professional liability (LPL) is part of a remediation plan for its US casualty business that will also lead to it buying more reinsurance.

American International Group (AIG) missed Wall Street forecasts with a fourth quarter operating loss of $1.10 a share, compared to the analysts' consensus estimate $0.92 per share.

American International Group (AIG)'s board deal with activist investors and update on measures to turn around its core commercial insurance business found favour with analysts and shareholders at the end of last week.

The Geneva Association (GA) has summarised the most important implications for the (re)insurance industry following the COP21 Paris Climate Conference that took place at the end of 2015.

Fidelis appoints; Approval for CSC and Xchanging; Compre completes Gjensidige marine deal; Allied world expands; NHC first London office; Asia Capital Re expansion; Brown & Brown acquires; Marsh recruits ex UK spook; McGovern on Brexit; Generali CEO tussle; Lemonade sparkles; Antares Asia appoints; CEO concerns; January weather losses; Integro boosts entertainment practice; Primary Group; Compre senior management; Normal<

The third-largest insurance-linked securities (ILS) fund manager LGT increased its assets under management (AuM) by $300mn to reach $5.5bn in February, the company told sister publication Trading Risk last week. Normal 0

The start-up from Validus Re co-founder George Reeth announced last week highlights an increased focus on the opportunities in sourcing and delivering risk rather than bearing it.

The sharp drop in Navigators' share price after last week's results reflected a nervousness around the macroeconomic environment and the broader sector rather than investors' view of the business, according to group CEO Stan Galanski.

Alliant has "decimated" Aon's San Jose office in a mass team raid that has again seen the US broker come to blows with its larger global rival.

The Hartford is building out a new platform to service the international requirements of its US commercial insureds with overseas exposures, The Insurance Insider can reveal.

Willis Re is suing its ex-chairman Peter Hearn and his brother David Hearn, formerly an executive vice president, for $3.6mn after the pair resigned last year.

IFG Companies has parted company with president Lou Levinson after less than 18 months, The Insurance Insider can reveal.

Fosun's M&A spree is likely to slow in the coming months as the acquisitive Chinese conglomerate faces up to a number of challenges, according to multiple banking sources.

Three years ago Enstar was a pure-play legacy carrier. By April it will be a diversified legacy and live business with a specialty insurer, a Lloyd's quasi-MGA play and a major share of a total return reinsurer, in addition to one of the biggest legacy franchises in the world.

Total return reinsurance start-up Aligned Re will initially draw all of its live business from Enstar's operating subsidiaries StarStone and Atrium, according to its fundraising presentation.

Total return reinsurance start-up Aligned Re will generate a significant portion of its float from legacy reinsurance transactions, but will benefit only modestly from the favourable run-off of the underlying portfolios.

Total return reinsurance start-up Aligned Re would have delivered an annualised return on equity (RoE) of 14.7 percent from 2000 to 2015 solely from its investment portfolio if it had been in existence and at full scale, according to the investor presentation obtained by The Insurance Insider.