March 2013/2

Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers

As the 2012 results season nears its close, the total disclosed losses from Superstorm Sandy are now close to $19bn...

Although Aviva's decision to cut its final dividend was anticipated by many analysts, the scale of the "rebasing" last week saw the UK insurer's share price slump.

The state of Qatar will seek to develop Al Koot, the part-privatised former captive insurer of state oil and gas company Qatar Petroleum (QP), as a local reinsurer and will invite local and foreign participation

Almost a third of Lloyd's non-aligned syndicates have reported a loss for the 2010 year of account, but it is the modestly sized Sportscover Syndicate 3334 that is taking one of the biggest hits.

US P&C commercial prices climbed for the eighth consecutive quarter with rates up almost 7 percent in Q4 2012, according to Towers Watson's Commercial Lines Insurance Pricing Survey (Clips) published last week.

US crop excess-of-loss reinsurance protections look set to show only modest rate rises on renewal despite 2012 being one of the worst loss years in the market's history, The Insurance Insider understands.

Private equity backed Lloyd's insurer Ark has increased its profit forecast for 2011 despite the $100bn+ of cat losses in the year

Lloyd's (re)insurer Canopius has reported a 17 percent post-tax return on equity for 2012 on a combined ratio of 95 percent, as it broke the $1bn premium threshold

Doug Worman has emerged as a high profile departure in the fall-out of the shareholder-approved acquisition of his employer Alterra by Markel. According to sources, Worman, who is CEO of Alterra US Insurance and executive vice president of its parent Alterra Capital, resigned from the

The state of Qatar will seek to develop Al Koot, the part-privatised former captive insurer of state oil and gas company Qatar Petroleum (QP), as a local reinsurer and will invite local and foreign participation.

The Middle East and North Africa (MENA) region, which taken as a whole is close behind Germany as the world's fifth-largest economy, will see its insurance markets out-grow GDP growth over the next few years.