January 2017/5

Share price data on The Insurance Insider's universe of P&C (re)insurers

The Insurance Insider's index of 50 companies in the P&C (re)insurance industry went up by 1.4 percent last week to 1,040.3.

Rising frequency and severity in auto claims prompted US giant Travelers to raise rates and more increases are in the pipeline, in a trend evident across car insurance in the P&C industry.

After sustained rate decreases last year, Wells Fargo has predicted that 2017 will again be a buyers' market in the US.

Pemex and its insurers have settled a claim relating to an April 2015 platform fire for $650mn, bringing the loss in just below the reserve currently held by the market, The Insurance Insider can reveal.

Insurance buyers should look to multi-year property cat deals to take advantage of the ongoing soft market, according to broker Marsh.

Auto liability continues to be the most challenging risk to place in the US primary and excess casualty markets, according to broker Marsh.

Validus' acquisition of Crop Risk Services (CRS) from Archer Daniels Midland for $127.5mn has garnered broadly positive reactions from equity analysts.

MS Amlin is the lead insurer on the primary layer for a $400mn marine cargo claim by Canadian commodity hedge fund Vermillion stemming from a lost oil shipment, The Insurance Insider understands.

QBE dismisses takeover rumours; McKee named Cathedral CEO; Beazley ups US property capabilities; Towergate gets £40mn injection; Omers commits $1bn to Allied World; Aon's McGill to receive $22.5mn; Generali replaces CFO; Perils raises Italian quakes loss; Axis London cyber hires; China Taiping profit warning; Aegis London marine MGA deal; JLT US construction stake; Beale details Brexit plans; Endurance-Sompo deal approved; Axis hires Hussey; Ergo Singapore outlook negative; Ryan Specialty buys tra

The cost to US employers of serious but non-fatal workplace injuries fell by 3.2 percent year-on-year to $59.87bn in 2014, Liberty Mutual reported in its 2017 Workplace Safety Index.

Forest fires in Chile have destroyed 1,000 buildings in the town of Santa Olga, one of several communities reduced to ashes as wildfires spread across the country.