All material subject to strictly enforced copyright laws. © 2021 Insurance Insider is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies

July 2013/3

  • The Insurance Insider tracks all the notable P&C sector share prices of the last week and compares year-to-date performances as of week ending 12 July 2013.
  • Pricing commentary from US P&C carriers in Q2 earnings calls will be scrutinised for signs that momentum on rates in some classes of business is coming under pressure after Willis said it expected softening in property through the second half of the year.
  • On the same day that former New York attorney general Eliot Spitzer tried to stage a political comeback, his old adversary Maurice "Hank" Greenberg sued the politician for a "long-standing malicious campaign" to discredit and defame him.  
  • The US administration has asked a federal judge to prevent Ben Bernanke testifying in court to answer Maurice "Hank" Greenberg's claims that the government treated American International Group (AIG) shareholders "punitively" when it bailed out the insurance giant in 2008.
  • A Texas state court has thrown out Lance Armstrong's claim that a prize insurer's $3mn fraud suit against him was time-barred.
  • A senior executive at UK composite insurer Aviva has warned the UK's nascent Financial Conduct Authority (FCA) to "really think about proportionality and priority-setting".
  • The Financial Services Authority (FSA) meted out a record £423mn in financial penalties in its final 12 months as the UK regulator - more than five times the £76mn in fines handed to errant firms and financiers the previous year.
  • The UK's Financial Conduct Authority (FCA) is weighing up stiffer penalties for senior insurance executives who act irresponsibly, the regulator's chairman John Griffith-Jones has warned.
  • Andrew Bailey, the CEO of the UK's Prudential Regulatory Authority (PRA), has indicated that he now broadly supports the Solvency II proposals relating to long-term liabilities.
  • Regulators from the G20 countries will this month unveil a list of insurers deemed "too big to fail", which will face tighter regulation and capital surcharges to limit the economic fallout if they go bust.
  • Start-up insurance-linked securities (ILS) fund manager Stone Ridge Asset Management has invested a significant sum in Swiss Re's Sector Re sidecar, according to a half-year report filed last week with the Securities and Exchange Commission.
  • Nine months after the devastation inflicted by Superstorm Sandy, the New York Metropolitan Transportation Authority (MTA) is gearing up to issue the first cat bond to cover storm surge.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree