June 2014/3

A look-up table for The Insurance Insider's universe of P&C (re)insurers

The Insider 30 composite was broadly stable last week, dropping just 0.53 percent and narrowly outperforming broader equity markets, which were lower amid renewed conflict in Iraq.

A group of MPs and Lords from all three major UK political parties are calling for an inquiry into the dangers of concussion in UK sport in response to an eye-watering proposed settlement relating to similar issues in American football.

The House Financial Services Committee has unveiled a moderated version of its draft bill to renew the Terrorism Risk Insurance Act (Tria).

Price-to-book (P/B) valuations for P&C (re)insurers are typically better now than they were a year ago, despite the recent drift in (re)insurers' share prices and negative investor sentiment regarding future earnings prospects.

The Insurance Insider reviews the performance of stocks in the first quarter after the stellar gains of 2013

London-based insurance-linked securities (ILS) fund manager Securis Investment Partners has hired Martin Reith to take on the newly created role of advisory director.

Pricing guidance has tightened on the Texas Windstorm Insurance Association (Twia)'s Alamo Re cat bond, the first post-June transaction on the insurance-linked securities market, sister publication Trading Risk reported last week.

The appointment of Peter Hancock as new group CEO of American International Group (AIG) last week surprised some industry commentators for its timing, but was broadly welcomed as a sign that the insurance giant's turnaround remains well on course.

Violent wind and hailstorms affected large parts of western and central Europe between 7 and 9 June, causing damage to homes and infrastructure in Germany and France, which is likely to result in insurance losses.

Lloyd's is expected to issue a consultation this week on new guidelines detailing minimum conduct standards for managing agents.

Venezuelan state-owned energy company PDVSA has appointed Alesco and Cooper Gay as its brokers, and informed the market that it will cancel its in-force policy ahead of a 1 July rewrite, The Insurance Insider has learned.