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January 2016/3

  • Chubb's share price fell by 14.99 percent last week after its $29.5bn takeover by Ace completed
  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • A UK Commercial Court judge has accused a Greek shipowner of conjuring a "cock and bull story" to explain why documents are missing in an increasingly embattled $85mn fraud case.
  • The manufacturer of a blowout preventer used on the Deepwater Horizon oil rig has asked the Texas Supreme Court for permission to sue Liberty Insurance Underwriters (LIU) after the carrier failed to pay its portion of a $250mn settlement.
  • The Association of Bermuda Insurers and Reinsurers (ABIR) has responded to criticism from US Democratic presidential hopeful Hillary Clinton over a perceived taxation loophole in Bermuda.
  • The Association of British Insurers (ABI) has said the role that its membership plays with dealing with floods in the UK is one of its key areas of focus for 2016.
  • The insurance sector could see a shift towards low-frequency, high-severity losses as global industries become increasingly interconnected, according to Allianz Global Corporate & Specialty (AGCS).
  • Investors will increasingly focus on asset risk in the insurance sector if macro-pressures continue to rise, according to Bernstein analysts.
  • Nominal GDP growth will start to outpace direct written premium (DWP) expansion in the US P&C market this year as softening prices take a toll on the top line for insurers, according to Standard & Poor's (S&P).
  • The airline insurance market ran at a loss last year with claims outstripping premiums generated, according to JLT.
  • Analysts have warned investors to expect further evidence of weaker pricing and investment income headwinds when the P&C sector reporting season gets underway later this week.
  • Returns from reinsurer sidecars are showing signs of softening but investors are still deriving double-digit results on average as these vehicles have avoided major catastrophe claims.