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November 2015/4

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • In a week when The Insider 30 companies traded broadly in line with leading stock indices, Florida homeowners’ insurer Universal was a dramatic outlier as its shares slumped after it was identified as an attractive short opportunity.
  • New York University (NYU) is suing FM Global after it did not cover a $1.47bn loss when a number of buildings were rendered unusable by Superstorm Sandy.
  • American International Group (AIG) may be forced to defend actor and comedian Bill Cosby in a string of suits that have followed allegations of rape dating back 40 years.
  • Further details on the work being done to bring insurance-linked securities (ILS) business to the UK are expected to be unveiled in this week’s Autumn Statement, according to PwC.
  • Standard & Poor’s (S&P) has said Generali’s disposal of its life reinsurance operations in the US could explain why it is no longer being considered a global systemically important insurer (G-SII).
  • Profit forecasts for Names-backed Lloyd’s syndicates improved in the third quarter for both the 2013 and 2014 years of account (YoA).
  • The cat bond market will look to build on one of its pillars of competitiveness - multi-year reinsurance solutions - by offering increasingly long-dated risk, according to Aon Securities CEO Paul Schultz.
  • Insurance-linked securities (ILS) fund manager Credit Suisse will launch one of the largest Lloyd's start-ups in January with the £90mn Arcus Syndicate 1856, after receiving final approval from the Lloyd's Franchise Board.
  • The Lloyd's-dominated group of London market carriers wrote slightly less business in the third quarter than in the corresponding period last year, analysis from The Insurance Insider shows.
  • The uptake of environmental impairment liability insurance across the European Union rose by 13.6 percent per annum between 2006 and 2014, according to Marsh.
  • Universal Insurance Holdings has fought back strongly against claims made in a short seller presentation that caused its share price to plummet last week.