March 2016/3
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Share price data on The Insurance Insider's universe of P&C (re)insurers
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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).
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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.
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Following its fourth quarter results disclosure on Monday (7 March), Federated National's share price collapsed by 12.1 percent to reach $21.10.
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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.
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Major reinsurer TransRe was among the sidecar sponsors to expand its retro support in the January renewals, sister publication Trading Risk reported last week.
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The US P&C sector is bifurcating into "haves and have nots", analysts at Japanese banking group Nomura found in a statutory reserve review.
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Losses from the UK flooding events in Q4 are approaching $1.5bn, as the end-of-year reporting season comes to an end.
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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.
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(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.
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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.
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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.
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US reinsurer Gen Re is the latest carrier to address its expense base as it looks to implement processes to keep the cost of doing business low.
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Some nine terrorism brokers and 44 terrorism underwriters have signed up for the Placing Platform Limited (PPL) launch, according to PPL chairman David Ledger.
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Reinsurance capital efficiency; Brit launches fine art and specie; Dual execs help raise £250,000 on skis; Eiopa chair on SII; James Sutherland funeral; ILS taskforce forms subgroups; Beale announced as patron; Sompo Canopius expands; JLT Re expands in US; CFC product recall cover; Tech focus for Charles Taylor; Pen hires crisis manager; Hiscox sells division; Moody's upgrades Swiss Re Corporate Solutions; Dual spills Beveridge as departures continue
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People often associate Disney and Johnny Depp with Pirates of the Caribbean, but the first person to talk about them was Trevor Jones: Uncovering the pirates of the market was his specialty.
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The owners of Israeli insurers Clal and Phoenix are facing an uphill regulatory battle in their attempts to sell the companies, despite the imposition of a legal requirement for them to do so, according to reports.
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Surplus lines giant Lexington has launched a new wholesale-only property excess product that offers up to $250mn of capacity, new sister title Inside E&S revealed last week.
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RT Specialty has reaffirmed its commitment to independence following its appointment last month as Aon's "preferred" wholesaler.
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BB&T's proposed acquisition of Swett & Crawford is projected to add more than $200mn of annual revenue to its wholesale division, taking revenues for its insurance operations to $1.8bn
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China's domestic reinsurance industry looks set to grow meaningfully over the coming months after the China Insurance Regulatory Commission (CIRC) granted approval for the establishment of Qianhai Re.
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The news that Lloyd's performance director Tom Bolt is set to join Berkshire Hathaway Specialty Insurance (BHSI) is a pivotal moment in the strategic direction of the rapidly expanding global carrier.
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American International Group (AIG) has started to deliver on its pledge to buy more reinsurance after agreeing a two-year deal to cede a share of its new and renewal US casualty book to Swiss Re.
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Long-standing Munich Re CEO Nikolaus von Bomhard will step down when his contract expires at the end of the year, according to reports.
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Global insurer Zurich is looking to extend its major European catastrophe reinsurance programme by three months as it reviews its reinsurance buying strategy, The Insurance Insider can reveal.
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The world's biggest catastrophe cedant Zenkyoren looks set to achieve a 7.5 percent rate reduction on its programme at 1 April as it purchases a new 200bn yen ($1.77bn) top layer, The Insurance Insider can reveal.
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The UK Treasury is reportedly considering increasing insurance premium tax (IPT) by up to 3 percent, less than year after the levy was raised from 6 percent to 9.5 percent.
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The golf club bore's argument about what is wrong with the new Lloyd's always goes something like this: Everything is far too regimented and regulated these days
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Athito CEO Stef Raftopoulos and Ark non-executive chairman David Foreman have applied to the Corporation to form a start-up insurer called One at Lloyd's, The Insurance Insider can reveal.
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