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.