Issues

Louisiana Citizens Property Insurance Corporation is on track to close its new Pelican Re cat bond for an insurance premium of 225 basis points (bps) - the lowest ever for a US wind deal.

Florida-based UPC Insurance received the Sponsor of the Year award at the 2017 Trading Risk awards held in London last week.

The Insurance Insider's aggregate of P&C (re)insurance companies entered the second quarter of the year in the red

The Insider 50 index edged upwards by 0.9 percent over the first quarter of 2017, as valuations plunged at AmTrust and Novae

With the start of the first quarter earnings season just days away, investors will be looking carefully for indicators of potential change in US P&C insurance market conditions

Nuclear-focused Chaucer Syndicate 1176 was the top performer of the market in terms of profitability for the second year in a row in 2016

Expansionist Vibe Syndicate 5678 led the market in terms of premium growth in 2016, as it made a number of hires during its second year of underwriting live business.

Lime Street's underwriting performance continued on its downward-sloping curve in 2016, as the simple average combined ratio for syndicates surpassed the breakeven point and reached 102.0 percent for the year.

Aon Benfield Apac head retires; Lloyd's streamlines reporting; Berkshire sues Goodyear; Bewlay takes casualty CUO role at XL Catlin; AmTrust Syndicate 2526 placed into run-off; CIRC chairman investigated; Nexus plans debt raise; QBE hires former Attune CEO; Chubb promotes Gunter; CFO Millay retires; Alliant buys SES; NZ counts Debbie cost; US weather losses at $2bn in March; Trov closes funding round; HPS and Madison Dearborn eye Ryan Direct; Terrorism risk climbs: Aon.

Neil Mills, the former chairman of Sedgewick Group, has died at the age of 93.

InsurTech funding is beginning to get serious.

InsurTech start-ups that can help the traditional industry identify and solve procedural pain-points are the ones most likely to succeed in the long term, according to Aquiline chairman and chief executive Jeff Greenberg.