• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Insurance Insider is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

January 2014/3

  • Collateralised retro provider Catco has shifted its risk profile down for 2014 in response to changing market conditions that have led to decreased demand from some buyers.
  • Brown & Brown outperformed its peers last week after its shares climbed 2.27 percent following investor approval of its $602.5mn acquisition of The Wright Insurance Group
  • The majority of European (re)insurance stocks outperformed the Stoxx 600 index last week, which climbed 1.78 percent, with ailing UK insurer RSA continuing its recovery for the second week running as its share price jumped by 5.37 percent.
  • Shares in AmTrust Financial Services continued their volatile trading pattern of the past couple of months to end last week down 5.1 percent.
  • Stocks of London-listed specialty (re)insurers continued to slide last week, led by Lloyd's carrier Novae.
  • American International Group (AIG) subsidiary Lexington Insurance Company has sued Transatlantic Re for $1.77mn over the alleged breach of facultative reinsurance contracts linked to asbestos claims brought by military contractor Dynalectron.
  • Last week The Insurance Insider reported that Equitas was disputing its liability for a Lloyd's legacy claim as part of a strategy to have disputes settled in England. In a comprehensive reply, Equitas contended the original article. We print Equitas' response in full...
  • Lloyd's insurer Beazley has escaped, for now at least, liability for circa $20mn in legal fees incurred by US technology giant Oracle during a dispute with shareholders over its 2011 acquisition of Pillar Data Systems.
  • Lloyd's insurers Cathedral and Talbot have reached a settlement with Michael Jackson's estate over the $17.5mn non-appearance policy they wrote ahead of the singer's death in 2009, just as he was preparing for a series of comeback concerts
  • A proposed extension to the NFIP has overcome its biggest hurdle after receiving approval from the US House of Representatives.
  • The threat of cyber attacks has re-emerged as one of the top five threats likely to cause severe harm to the world's economy over the next decade, a World Economic Forum report warned ahead of the global powerbroker conference in Davos, which takes place later this week...
  • Most Lloyd's insurers are over halfway towards completing the internal modelling process that will be used to calculate their capital burden under Solvency II, with two years to go before the new European capital regime comes into force, consulting firm LCP found in a survey.