Issues

Demotech's reprieve of the thinly capitalised Florida homeowners' sector may only be temporary, as the rating agency warned that without "meaningful improvement" in the assignment of benefits (AOB) situation, carriers in the state will likely face future downgrades.

Japanese mutual insurer Zenkyoren will secure only a marginal improvement on terms for its 2017/18 cat placement, as the world's biggest buyer prioritised an increase in the limit it purchased to almost $14bn.

Sometimes being so embedded in our industry can be a disadvantage for The Insurance Insider.

Rates on most Japanese property catastrophe excess-of-loss (XoL) treaties look set to slide by around 5 percent when they renew on 1 April, as reinsurers continue to offer concessions to buyers to defend their renewal books.

The World Bank's Pandemic Emergency Financing Facility (PEF) is on track to be completed this year, according to Michael Bennett, head of derivatives and structured finance at the organisation

Florida Citizens Property Insurance is expecting an increase in business as a result of Demotech's warning that local insurers with less than $25mn surplus may be downgraded, according to its chief financial officer Jennifer Montero

The Bermuda composite's operating return on equity (RoE) declined by a third to 5.8 percent in the final quarter of 2016.

Liberty Mutual's new sidecar may lead the way for further (re)insurance disintermediation, although many primary insurers may not be able to follow, said a Standard & Poor's (S&P) insurance analyst at the Sifma IRLS conference in Miami

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

The Insurance Insider's composite of (re)insurance stocks rose 2 percent last week, but underperformed the FTSE 100, Stoxx Euro 600 and S&P 500

Bermudian carriers recorded heavy cat losses in the fourth quarter of 2016 to take the group's combined ratio 6.1 percentage points higher year-on-year to 93.9 percent.

Auto insurers have been looking to advances in technology such as rear-view cameras and collision-avoidance systems to lower the cost and frequency of claims, but some have suggested that the new developments are among the factors helping to drive up losses