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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.
  • Holmes resurfaces at Elseco; TMK underwriting chair retires; Major resigns from Zurich; Lloyd\'s Brexit plan ready for Q1; Draft UK ILS regulations; Sompo Canopius CEO departs; Generali to leave up to 15 markets; XL Catlin hires M&A insurance chief; NIIT hires CSC digital head; ERS underwriting director; Chinese reinsurance collateral rules; Nine Merchants Re confirms launch; Mitsui offers bitcoin cover; Perils raises quake estimate; MGA Fiducia launches; Price Forbes COO named; Islamic insurance d