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October 2014/1

  • Valuations on a price-to-book basis have fallen by 6 percent for the companies in The Insider 30 in the year to date, as sentiment on the sector has turned negative following 2013's stellar share price performance
  • Enstar operating subsidiary Torus has hired four senior underwriters from Zurich's construction team as it continues to rebuild following a number of defections earlier in the year, The Insurance Insider can reveal
  • A relative bright spot as passenger reserve set far lower than feared
  • Air India changed the leader of its war policy from Ace to XL as it fought to secure a favourable deal amid an extremely hard post-loss rating environment, sister title Inside FAC has revealed
  • The combined reserves for Air Algérie flight AH5017 and TransAsia Airways flight GE222 amount to $160mn, The Insurance Insider can reveal
  • Air France has successfully renewed its mammoth all-risk insurance programme on expiring terms as signs emerged that rate increases in the loss-struck airline market will fall short of initial expectations
  • 2014 auctions nowhere near as oversubscribed as a year ago
  • Weekly share price data on The Insurance Insider's universe of P&C (re)insurers
  • Legacy insurer Armour Group took the "unlimited" layer of the $390mn comprehensive reinsurance deal purchased by QBE to remove the reserving risk from its Italian and Spanish medical malpractice books
  • P&C (re)insurance stocks fell back into negative territory in September as our index of listed carriers - The Insider 30 - contracted by 0.96 percent during the month.
  • Florida regulators have approved Homeowners Choice P&C Insurance Company (HCI) to take 37,500 wind-only policies out of state-backed insurer Citizens, in a move likely to see it significantly increase its reinsurance cover next year
  • The former CEO and president of Aon Risk Solutions in Puerto Rico has sued for age discrimination after he was allegedly "sidelined" in favour of a "significantly younger" replacement.