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October 2015/3

  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • Short-tail specialists led the way as The Insider 30 stocks outperformed all the main indices last week.
  • A successful bid for London market back office outsourcer and software firm Xchanging would boost its far larger rival Capita with sought-after earnings growth and a claim to the London market. But with Apollo still in the game, could the outsourcer be tempted to raise its offer?
  • A number of global specialty (re)insurers have made routine announcements about their losses from the explosions in Tianjin in August, confirming that the event will take a meaningful bite out of third quarter earnings.
  • The third quarter is predicted to bring lower earnings for P&C carriers, driven by deteriorating underwriting margins and the slowing of reserve releases.
  • Axis Re CEO Jay Nichols said that convergence in the reinsurance industry would continue as insurance-linked securities (ILS) funds and traditional reinsurers will continue to resemble one another more closely.
  • New hedge fund reinsurers need to successfully launch on the public markets before they can follow in the wake of Third Point Re, according to a panel of experts speaking at the Trading Risk New York Rendez-Vous 2015.
  • Executives at Towers Watson and Willis have been portrayed as the bad guys in a series of activist shareholder complaints from Towers Watson investors that argue for the proposed $18bn merger to be terminated.
  • Mills leaves Endurance; Argo hires former Lloyd's claims head; CCR: flood losses could hit EUR650mn; AIG hires CUO; Thomas Miller buys into Osprey; Pioneer US casualty E&S launch; AIG sells Central America operations; XL Catlin hires SVP for Americas region
  • Lloyd's has urged insurers to make greater use of data analytics as it warned of the catastrophic potential of emerging science-based liability risks.
  • Total capacity traded over the three Lloyd's capacity auctions this year came to £42mn ($65mn), down more than 60 percent on volumes traded in 2014.
  • Acappella Syndicate 2014 is the latest Lloyd's player to announce its intention to write political risks and terrorism business with the launch of a new unit headed up by Jonathan Powell.