• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

March 2014/4

  • The Insurance Insider's look-up table for all of the weekly, monthly and YTD share price movements of the companies in our updated composites
  • It was a volatile week for share prices in The Insurance Insider's universe, with Aviva down sharply on unexpected plans by the UK government to change rules relating to compulsory annuity purchase. Lloyd's stocks also continued to fall on rate fears while heavyweights Axa and Munich Re were up strongly
  • The UK government will next month implement the Mesothelioma Act 2014, which will establish a scheme to provide payments of up to £123,000 for patients suffering from latent asbestos poisoning but who cannot trace a liable employer or an employers' liability insurer.
  • Recent reserve strengthening for asbestos liabilities are the result of a renewed attempt by the Plaintiff Bar to find new pockets for settlements
  • President Obama last week signed into law a bill to stall premium rate hikes for US policyholders covered by the NFIP, cementing a Congress U-turn on 2012 legislation that would increase premiums to reflect actuarial levels
  • UK Chancellor George Osborne last week (19 March) announced £140mn ($200mn) of new funding for flood defences as part of the 2014 Budget, in response to the unusually severe weather that hit the country this winter.
  • The progression of a flood insurance bill through the US Congress could help pave the way for the reauthorisation of the Terrorism Risk Insurance Act (Tria), according to Cozen O'Connor lobbyist Robert Freeman.
  • The Canada Pension Plan Investment Board (CPPIB) has agreed to buy life reinsurer Wilton Re for $1.8bn from a group of investors led by Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL.
  • A Cayman Islands reinsurer linked to Florida-based HCI Group is seeking to raise up to $29.75mn from an IPO on the Nasdaq SmallCap Market, according to regulatory filings.
  • The debut cat bond from Great American Insurance Company, Riverfront Re, priced below guidance last week, reflecting continued investor demand on the ILS market
  • As the 2011 YoA closes, The Insurance Insider looks at the winners and losers in underwriting performance....
  • ANV Syndicate 779 has closed its 2010 year of account with a profit of 10.64 percent on its £27mn capacity, an Argenta results forecast has showed.