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March 2016/3

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • Berkshire Hathaway subsidiary National Indemnity Company has come out on top after a protracted dispute over a reinsurance contract with Brazilian carrier IRB Brasil Resseguros (IRB).
  • Aon founder Pat Ryan was duped out of hundreds of millions of dollars in gains after his family investment vehicle was allegedly tricked into selling its shares in a data analytics company, according to court filings.
  • Following its fourth quarter results disclosure on Monday (7 March), Federated National's share price collapsed by 12.1 percent to reach $21.10.
  • The insurance-linked securities (ILS) market will face its second claim this year after Lottoland said that its ILS transaction would pay out to cover a EUR14mn jackpot win in a German lottery draw.
  • Major reinsurer TransRe was among the sidecar sponsors to expand its retro support in the January renewals, sister publication Trading Risk reported last week.
  • The US P&C sector is bifurcating into "haves and have nots", analysts at Japanese banking group Nomura found in a statutory reserve review.
  • Losses from the UK flooding events in Q4 are approaching $1.5bn, as the end-of-year reporting season comes to an end.
  • Lloyd's Names enjoyed double-digit returns from non-aligned syndicates for the 2013 year of account (YoA), as the 2014 YoA profit forecast also improved on the previous quarter.
  • (Re)insurance executives from the Middle East and North Africa (Mena) region have offered a gloomy outlook for the year ahead, with bearish views on commercial pricing, profitability and economic risks.
  • Bermudian carriers returned 47.0 percent less capital year-on-year in the fourth quarter of 2015, with the result driven by a decreased appetite for share repurchases.
  • The Lloyd's carriers posted lower returns for 2015 than the prior year, with investment returns falling and market concerns intensifying despite another benign loss period.