June 2016/4

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

In a week that ended with the UK electorate voting to leave the European Union, the Insider 30 slid to a loss for the fourth successive week.

Global P&C stocks were in a sea of red on Friday (24 June) as markets got the serious jitters in the aftermath of the UK's vote to leave the European Union (EU).

Axa has set its sights on earnings growth as it unveiled its four-year strategic plan, Ambition 2020, at an investor day in Paris on 21 June.

The role of the CFO has evolved from concerning financial management only to being an essential component of overall company strategy, delegates at The Insurance Insider's CFO forum heard last week.

The international Safety of Life at Sea (Solas) regulations due to come into force this week (1 July) will likely disrupt the cargo insurance sector in the short term despite the perceived long-term benefits.

AFG ups offer for National Interstate; QBE prepared to renew EU premiums outside UK; Fairfax buys into AMAG; Markel International simplifies Spanish structure; Cathedral hires D&F underwriter…

Ironshore received a significant boost on Friday (24 June) after AM Best affirmed its ratings and removed them from under review with negative implications.

The London insurance market is at risk of losing relevance to clients as it falls behind in the areas of data analytics, innovation and cost efficiency, market executives said at the Reactions London Market Conference last week (23 June).

The Endurance-owned Blue Capital Global Reinsurance Fund reported a 1.84 percent drop in its net asset value in May due to catastrophe events in the US, Japan and Canada.

Validus is expected to hire former Enstar executive Scott Maries, sister publication Trading Risk revealed last week.

A project to attract more insurance-linked securities (ILS) transactions to London should not be held up by the Brexit vote, according to Malcolm Newman, sponsor of the London Market Group (LMG)'s ILS Working Group.