Issues

Gross written premium (GWP) expansion at Bermudian (re)insurers slowed in Q4 2016, following a lumpy, M&A-driven prior-year quarter and a slowdown in insurance underwriting.

Novae has had a difficult run, with the Ogden rate change capping a period that has seen the departure of its respected CFO and a profits warning that telegraphed a significant book value drop.

London market carrier Novae's delayed results, which are scheduled for publication this week, are likely to come under intense scrutiny as investors look for signs of a resurgence following a tumultuous end to 2016.

A Hong Kong government advisory group has claimed the region is "facing a serious challenge" as a (re)insurance hub and recommended a series of regulatory and legislative changes to make it more attractive.

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Catalina's owners are looking to capitalise on the "legacy moment" via a bid process that they hope will allow them to crystallise their gains and secure a $1bn valuation.

Doubts over the future of AIG president and CEO Peter Hancock have stirred debate over who might feature on a shortlist of potential candidates to replace him.

Cobalt's deferral of its targeted Lloyd's inception date beyond 1 April is a clear demonstration of the mounting difficulty of forming any true start-up on Lime Street.

Shariah-compliant insurer Cobalt is set to miss its 1 April projected start date at Lloyd's as it continues work to secure capital support for its proposed syndicate on acceptable terms, The Insurance Insider understands.

The Hartford remains on the acquisition trail as it looks to further expand its specialty insurance operations, The Insurance Insider understands.

The UK government's unexpectedly large reduction in the Ogden discount rate last week has brought into focus Lloyd's concerns about reserving in the motor insurance market.

The cut in the Ogden rate could trigger rate increases of more than 20 percent in wider casualty reinsurance lines, market sources told The Insurance Insider.