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March 2016/5

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • Universal suffered the biggest share price fall among The Insider 30 last week after enjoying a price rally the week before, with the carrier down 8.6 percent to $17.32 per share on Thursday (24 March).
  • The UK High Court has forced Starr and Travelers to honour a combined £17.6mn ($25mn) energy claim, after allegations the insured failed to disclose vital information were thrown out.
  • The Bermuda Monetary Authority (BMA) is set to name and shame firms that are subject to enforcement actions in the wake of regulatory scrutiny.
  • Insurers fighting an increasingly bitter $100mn trial with a Greek ship owner accused of scuttling his own ship have alleged that their lawyers' computers were hacked.
  • Bermuda's (re)insurance industry is now officially compliant with the European Union's Solvency II regulatory regime.
  • The UK's Insurance Act will mark a victory against the "draconian" laws surrounding the breach of warranties rule, according to 7KBW barrister Harry Wright.
  • The European Insurance and Occupational Pensions Authority (Eiopa) is working on a framework designed to help insurers manage the risks presented by today's low interest rate environment.
  • The publicly traded Florida homeowners' sector looks attractive again for potential investors after a significant sell-off in recent months, according to Janney Capital analysts.
  • Business interruption (BI) losses in the energy sector often outpace property claims, with the typical payout amounting to two or three times the cost of repairing underlying damage, a new report from Marsh has warned.
  • The sustained and perilously low global price for oil could lead to an increase in energy losses as suppliers cut back on health and safety spending, a new report from Marsh has warned.
  • The Insurance Insider's class-by-class breakdown of Lloyd's 2015 annual results
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