February 2015/3

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

P&C (re)insurance stocks continued to trade up last week as The Insider 30 made a modest 0.87 percent gain

The Insurance Contracts Bill received royal assent last week (12 February), meaning it will now come into effect in August 2016.

Direct lending may present an interesting opportunity for insurers' investment portfolios, but they should not underestimate the amount of credit work involved, according to speakers at the Clear Path Analysis Insurance Asset Management seminar last week.

The Lloyd's Market Association (LMA) will focus on supporting the modernisation of the London market in 2015, according to its CEO David Gittings

A foreign profit tax hike included in President Obama's proposed budget would not lead to ratings revisions in the near future, according to AM Best.

Luxembourg-domiciled protection and indemnity (P&I) club Shipowners' Mutual is in a $13.5mn dispute with the Turkish charterers of a container ship that ran aground in poor weather off the Greek coast last year.

The UK government has increased the amount of money to be paid out to mesothelioma victims who cannot trace their insurer, under a scheme that is backed by the industry

The UK's Supreme Court has blocked the Welsh government's attempt to retroactively chase insurers for the cost of the asbestos crisis to the Welsh NHS.

The challenge of finding a decent investment return while maintaining a reasonable level of liquidity prompted UK government-backed terrorism reinsurer Pool Re to diversify its risk assets, according to its chief investment officer (CIO) Ian Coulman.

The US commercial auto insurance market continues to present challenges to underwriting profitability for a number of carriers, despite sustained rate rises over the last three years

Operating income for the US P&C sector is expected to decline for 2014 as reduced underwriting profits were only partially offset by slightly higher net investment income