• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

February 2017/3

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • Lancashire recorded a minor dip in income from asset management platform Kinesis in 2016, but the company's chief financial officer Elaine Whelan said the unit made a stable contribution to the group's return on equity (RoE).
  • AIG has taken steps to increase its reinsurance protection against catastrophe volatility in the past year after it halved the trigger point of its US property catastrophe reinsurance programme.
  • Florida Citizens Property Insurance is planning to spend under $100mn to buy just $1.1bn to $1.3bn of total reinsurance limit in the mid-year renewals.
  • The Insurance Insider's index of P&C (re)insurance companies rose by 1.04 percent in the week to hit 1,055.5 points.
  • US specialty insurers reported declining annualised operating returns on equity (RoEs) in the fourth quarter of 2016, as a modest improvement in investment returns failed to compensate for a contraction in underwriting margins.
  • Underwriting performance in The Insurance Insider's US specialty composite deteriorated in the three months to 31 December for the first time in the past five years.
  • Despite intense market competition and rate declines, US specialty carriers found areas where they believed they could grow profitably in the fourth quarter of 2016. The carriers wrote 4.8 percent more business year-on-year.
  • The profitability of the London market showed a marked deterioration in the fourth quarter, with several Lloyd's arms of international carriers posting combined ratios of over 100 percent.
  • The high level of commissions and operating costs in Lloyd's and the London market are unsustainable and put carriers at a "competitive disadvantage", Navigators CEO Stan Galanski has claimed.
  • Allied World-Elseco aviation deal; Marsh offers Brexit ‘plan B'; National Lloyds sale pulled; Nichols resigns as Axis Re CEO; NSW losses hit $53.8mn; Enstar to sell Pavonia life for $120mn; Chubb names Europe COO; Bahrain insurer mergers; Greenberg divests $26mn Validus stake; Investment result boosts Brit; IAG InsurTech hub launch; Tower under review; Fairfax $1bn investment loss; Swiss Re appoints global claims head; Arcus syndicate manager; Soft US P&C market to continue; Maiden auto re
  • Declines in global insurance rates moderated throughout 2016 amid early signs of capacity withdrawal and rising combined ratios, according to Marsh.