November 2016/4

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

Companies within The Insider 30 recorded mixed stock movements last week, offsetting each other to close down 10 basis points on average.

Madrid-based reinsurer Mapfre Re has turned its attentions to structured solutions as a way to offset a slide in premium income from Latin America and the Middle East.

The number of significant M&A deals agreed in 2016 shrivelled to its lowest level in five years in the face of significant global uncertainty, according to a new report from EY Normal 0 false

Despite growing pressures on underwriting margins and continued oversupply of capacity, global reinsurers continued to deliver growth in the third quarter of the year.

London-listed insurers continued to grow in the third quarter in spite of market headwinds, as major rate reductions persisted across multiple lines of business.

Specialist managing general agent (MGA) CFC has emerged as the London market's preferred cyber underwriter, according to a study conducted by The Insurance Insider's standalone rankings research team.

AM Best's updated draft of its Capital Adequacy Ratio (BCAR) retreats from some of the proposed changes far out on the tail for cat risk and looks to simplify the calculation that feeds into its credit rating methodology (BCRM) Normal 0 fals

Former Dual CEO Shane Doyle has re-emerged as a partner at Beach, with a remit to lead and grow the firm's global portfolio business, The Insurance Insider can reveal.

Chaucer saw four of its underwriters honoured in this year's Gracechurch top 10 rankings, beating all other carriers in the market.

Lloyd's considers Iran trading; ABI priority markets all in Asia; Aegis London hires Smeets-Flier as CFO; Barbuti to lead XL Catlin global casualty unit; Court appoints Gable liquidator; West of England Club upgraded; FM Global names CFO; Hiscox appoints Bowen; WR Berkley launches cyber business; Keim to lead The Hanover strategy; Velocity chases TWIA depop risk; Munich Re provides capacity to Wrisk; Tokio Marine reports 84% profits hike; Storm Angus hits UK.

The final PCS industry loss figure for the Fort McMurray wildfires in Alberta, Canada has settled at C$3.98bn ($2.96bn), sister title Trading Risk reported last week.

Two repeat cat bond sponsors are set to raise as much as $650mn of reinsurance limit from the insurance-linked securities (ILS) market as pricing on their new deals came in at competitive levels, sister publication Trading Risk has reported.

Greco's turnaround project for Zurich addresses the immediate investor concerns that caused the firm's valuation to slump below book value just under a year ago.

Analyst scepticism reigned following the long-awaited unveiling of Zurich's three-year strategic plan, which set out ambitious cost-cutting targets but offered little in terms of a strategic redirection.

AIG may not be out of the woods just yet, but the dense foliage is thinning and the path to meeting its 2017 turnaround targets looks clearer.

AIG's investor day last Friday (18 November) met with a lukewarm share price reaction, as the stock closed marginally down before edging back up at the start of this week.

UK broking group Towergate posted a 5.9 percent increase in adjusted Ebitda to £19.4mn ($24.0mn) in Q3, its first quarter of positive year-on-year growth since its financial restructuring in 2015.

Steadfast Re is to open an office in London, The Insurance Insider can reveal.

A litmus test of the aviation reinsurance market is on the way as carriers weigh the merits of a new 50 percent whole-account quota share sought by top-10 aviation insurer Axa.

Are the golden days of globalisation over, or has it just had a correction?

The Kaikoura earthquake that struck New Zealand last week will take another bite out of the fourth quarter earnings of global specialty (re)insurers, as 2016's run of small-to-mid-sized cat losses continues.