The Insurance Insider's index of P&C (re)insurance companies - The Insider 50 - was up by 1.2 percent last week as it entered the first trading week of June
In contrast with their Bermudian counterparts, the vast majority of US specialty (re)insurers opted out of repatriating capital to shareholders through buybacks
Capital repatriation slowed down in the first quarter 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
James River investor DE Shaw’s sale of 4.25mn common shares in the Bermuda-based (re)insurer has closed, with the private-equity and hedge fund manager agreeing to accept $39.41 a share from underwriter Morgan Stanley.
James River investor DE Shaw’s sale of 4.25mn common shares in the Bermuda-based (re)insurer has closed, with the private-equity and hedge fund manager agreeing to accept $39.41 a share from underwriter Morgan Stanley.
The last full trading week of May brought gains for stocks in the P&C (re)insurance industry, with share price increases significantly outweighing reductions.
