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January 2016/4

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • The Insider 30 ended the week in negative territory as shares in the sector trailed behind a recovery in global indices during another volatile week of trading.
  • The ongoing legal dispute between select Lloyd's insurers and the London Mayor's Office for Policing and Crime reached the Supreme Court on Thursday (21 January), where five judges considered whether insurers can recover consequential losses under the Riot (Damages) Act 1886.
  • More than 50 insurers have brought a $4bn case against a number of companies accused of providing financing and assistance to the mastermind of the 9/11 attacks.
  • Chubb unit Federal Insurance Company has been taken to court by a client after it refused to pay a $480,000 loss on a cyber insurance policy.
  • Weakness in the oil price over the past month has driven equity prices down across all sectors, with The Insider 30 companies broadly in line with the declines in benchmark indices
  • The latest quarterly report from Travelers shows that US P&C commercial pricing is now close to flat, with market behaviour described as "remarkably stable and rational", according to the insurer's CEO Alan Schnitzer.
  • As the US P&C reporting season gathers pace this week, analysts will likely focus as much on the outlook for (re)insurers in the coming year as on dissecting 2015 results. Normal 0
  • National General has agreed a deal to buy California-based P&C underwriter Century-National for a consideration expected to total $315mn.
  • The terrorist attacks on Paris last year have fundamentally changed how insurers operate in the contingency and terrorism space, according to Robertson Taylor CEO John Silcock.
  • Price Forbes-Highbridge completes; Gard appoints chief claims officer; Securities class actions up; AM Best maintains Zurich ratings; Laing made Aon Benfield Fac CEO
  • The top 10 ILS funds have grown their assets under management (AuM) to $44bn - up by 4 percent from six months earlier and 7 percent from January 2015, according to the latest Trading Risk investor survey.