March 2014/3

Aviation market sources moved swiftly on Friday (14 March) to rubbish a $500mn liability loss estimate for Malaysia Airlines flight MH370 from a Credit Suisse Asset Management fund.

Exclusive analysis by The Insurance Insider shows directors of London's listed (re)insurers are taking advantage of the relatively high share prices by selling shares in their companies.

This month, we are launching our revamped data pages for the The Insurance Insider's universe of P&C (re)insurers

Weekly share price movements for The Insider 30 and the biggest individual movers

Newline Group has parted company by mutual agreement with Phil Foley, the active underwriter of its Lloyd's Syndicate 1218, The Insurance Insider revealed last week.

The US Congress last week approved a bill to stall premium rate hikes for policyholders living in flood-exposed areas, a move that the Congressional Budget Office expected to push the indebted National Flood Insurance Program (NFIP) a further $2.1bn into the red.

Japanese electronics giant Sony has failed to convince a Supreme Court judge that Zurich Financial is liable for costs relating to its massive 2011 data breach.

The chairman of Enstar's US business Karl Wall has left to launch his own company, Aylesbury Insurance Acquisitions, The Insurance Insider can reveal.

The European Parliament last week (12 March) voted in favour of tough data protection reforms that could have wide-reaching consequences for the insurance industry.

The European Parliament has approved a key part of the European Union's Solvency II capital regime for (re)insurers, keeping the new rules on track to come into force by the much revised deadline of January 2016.

London-listed Catco Investment Management has today (17 March) launched a new reinsurance fund, Aquilo, which will write collateralised reinsurance perils and industry loss warranties.

State Farm is set to place $300mn of cat bond cover through its new Merna Re V deal, for which it will pay investors a coupon that is 20 percent lower than the rate for the same risk a year ago.