March 2017/1

The World Bank's Pandemic Emergency Financing Facility (PEF) is on track to be completed this year, according to Michael Bennett, head of derivatives and structured finance at the organisation

Florida Citizens Property Insurance is expecting an increase in business as a result of Demotech's warning that local insurers with less than $25mn surplus may be downgraded, according to its chief financial officer Jennifer Montero

The Bermuda composite's operating return on equity (RoE) declined by a third to 5.8 percent in the final quarter of 2016.

Liberty Mutual's new sidecar may lead the way for further (re)insurance disintermediation, although many primary insurers may not be able to follow, said a Standard & Poor's (S&P) insurance analyst at the Sifma IRLS conference in Miami

Share price data on The Insurance Insider's universe of P&C (re)insurers

The Insurance Insider's composite of (re)insurance stocks rose 2 percent last week, but underperformed the FTSE 100, Stoxx Euro 600 and S&P 500

Bermudian carriers recorded heavy cat losses in the fourth quarter of 2016 to take the group's combined ratio 6.1 percentage points higher year-on-year to 93.9 percent.

Auto insurers have been looking to advances in technology such as rear-view cameras and collision-avoidance systems to lower the cost and frequency of claims, but some have suggested that the new developments are among the factors helping to drive up losses

Gross written premium (GWP) expansion at Bermudian (re)insurers slowed in Q4 2016, following a lumpy, M&A-driven prior-year quarter and a slowdown in insurance underwriting.

Novae has had a difficult run, with the Ogden rate change capping a period that has seen the departure of its respected CFO and a profits warning that telegraphed a significant book value drop.

London market carrier Novae's delayed results, which are scheduled for publication this week, are likely to come under intense scrutiny as investors look for signs of a resurgence following a tumultuous end to 2016.

A Hong Kong government advisory group has claimed the region is "facing a serious challenge" as a (re)insurance hub and recommended a series of regulatory and legislative changes to make it more attractive.