November 2016/5

Back in the old days London underwriters didn't used to bother getting out much.

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

Panama-headquartered reinsurer Barents Re has set up a new capitalised entity in Luxembourg as it prepares to write business from London at 1 January.

The Insider 30 was up 1.1 percent last week on average, buoyed by the good stock performance of the US carriers in the group.

Capital management remained firmly on the agenda for US specialty carriers during the third quarter as profitable growth opportunities continued to be limited by market conditions.

Bermudian carriers handed back less capital during the third quarter of 2016 than in the prior-year period, as the re-emergence of M&A activity stifled share repurchases.

The average price per £1 of Lloyd's capacity fell in the 2016 auctions as the amount tendered by Names rocketed year-on-year.

The Lloyd's segments of listed P&C (re)insurers reported mixed results for the third quarter of the year, both on top line and in terms of underwriting performance.

Asbestos losses for US property and casualty insurers may climb to $100bn or even higher as a result of increases from "evolving" litigation and longevity gains, according to AM Best.

The UK should prepare itself for the unavoidable economic turbulence that the decision to leave the European Union (EU) will begin to bring in 2017.

Lloyd's CEO Inga Beale has rejected the idea of mandatory cyber insurance for businesses, describing it as a "blunt instrument" for increasing cyber penetration.

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