Top executives of high-profile P&C (re)insurers have sold about $31.8mn worth of stock in their respective companies to date this year, amid management changes and mixed share price performances.
The Insider 50 advanced by 0.3 percent to 1,088.94 index points in the first full trading week of June, marking a new high since the inception of the index at the end of last year.
Bermudian carriers continued to hand back capital to their shareholders in the second quarter, as challenging conditions provided few growth opportunities
Capital repatriation slowed down in Q1 compared to the same period of last year for most P&C (re)insurers in our coverage universe, with share repurchases proving unattractive as operating earnings subsided
In contrast with their Bermudian counterparts, the vast majority of US specialty (re)insurers opted out of repatriating capital to shareholders through buybacks
