March 2014/3
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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.
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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.
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This month, we are launching our revamped data pages for the The Insurance Insider's universe of P&C (re)insurers
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Weekly share price movements for The Insider 30 and the biggest individual movers
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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.
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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.
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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.
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The chairman of Enstar's US business Karl Wall has left to launch his own company, Aylesbury Insurance Acquisitions, The Insurance Insider can reveal.
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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.
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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.
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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.
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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.
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American Financial Group (AFG) subsidiary Great American is the second US insurer to turn to the cat bond market for the first time in 2014, following American Strategic's Gator Re issuance this month.
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A panel of state reinsurance buyers at the Sifma ILS conference said that coverage concerns, not just price, draw them to alternative reinsurance solutions.
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PartnerRe is looking to bring capital market investors onto its panel of crop retrocessionaires as they seek access to the crop market, sister publication Trading Risk has revealed.
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Net probable maximum loss (PML) estimates for major catastrophe events came down significantly at 1 January 2014 compared to the year before, analysis by The Insurance Insider's Data Room has shown.
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The rate of top-line growth has continued to steadily lose momentum for P&C (re)insurers in recent years Normal 0 false false
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2013 was a good year for most P&C (re)insurers as reserve releases and low cat losses kept combined ratios low, The Insurance Insider's Data Room discovers
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Market trends in marine hull insurance show an increase in frequency losses, according to Dr Sven Gerhard, global product leader of hull and marine liabilities at Allianz Global Corporate and Specialty (AGCS) Normal 0 false
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Novae has been confronted by higher-than-expected claims from financial institution policyholders as a result of the 2008 crisis, the listed Lloyd's carrier's 2013 annual results show.
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London-listed Novae plc could be getting closer to relocating overseas as the stock of UK deferred tax assets that entitles it to tax relief in recognition of past overpayment approaches exhaustion.
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Industry veteran Stephen Way has welcomed the backing of Canadian investment group Westaim Corp for his Houston International Insurance Group (HIIG), saying it provides a stable platform for future growth.
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Grahame Chilton's comeback reinsurance broking start-up Capsicum Re has demonstrated its appetite for M&A by holding ultimately fruitless takeover talks with Lockton Re, The Insurance Insider understands.
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National Interstate's share price was trading down 10 percent today (17 March) after its largest shareholder, American Financial Group (AFG), gave up its controversial bid to acquire the 48 percent of shares in the US insurer that it doesn't already own.
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