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March 2017/3

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • Signs that hardening conditions in segments of the "wheels" market are spreading to the reinsurance sector might be seen as an early indicator of change in the broader US casualty treaty market.
  • The election victory last week of the Netherlands' centre-right VVD Party over the anti-EU Party for Freedom has removed a cloud of uncertainty over the country's future within the bloc.
  • Insurance spreads on new cat bond deals this year have dropped by 12 percent on average during the marketing process, as insurance-linked securities sponsors pressed hard to take advantage of a softening market.
  • The Insurance Insider's main index of P&C (re)insurers - The Insider 50 - rose by 74 basis points last week to reach 1,052.2 points, recovering half of the ground lost the week before.
  • The global reinsurers reported narrowing underwriting margins at their P&C reinsurance operations in the final quarter of 2016, as loss ratios were pushed up by above-median catastrophe losses across the board.
  • Global reinsurers posted slower gross written premium (GWP) growth in their P&C reinsurance divisions in the fourth quarter, as attractive new business became increasingly scarce in the soft market cycle.
  • The incoming EU General Data Protection Regulation could have major implications for UK carriers planning to leave key functions in the UK post-Brexit.
  • AmTrust has again found itself in the crosshairs of the plaintiff bar after an accounting error forced it to postpone the release of its full results filing for 2016 and restate its results for the past three years
  • Underwriting will not become redundant as a result of artificial intelligence (AI), but technology will change the nature of underwriting, according to TigerRisk's global head of analytics and technology Jayant Khadilkar.
  • XL Innovate partner Martha Notaras has said that the dissonance between tech experiences "at home" and during the workday within the industry will help to boost innovation in (re)insurance.
  • Insurers need to improve the transparency of their product and reduce costs if they are to compete with newcomers, Embroker CEO Matt Miller warned a gathering of industry leaders last week.