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  • The Insider 50 was hit last week by heavy drops in dollar-denominated stocks, with the losses slightly offset by growth in the UK.
  • The International Underwriting Association (IUA) and the British Insurance Brokers' Association (Biba) have joined the chorus calling for reform of the Ogden discount rate.
  • Specialty insurer Neon is considering setting up an insurance-linked securities fund that would help support its growing property catastrophe book, sister publication Trading Risk reported last week.
  • Operating returns on equity (RoEs) declined in the first quarter for US specialty insurers, as one-off Ogden impacts and increased core loss ratios eroded bottom lines.
  • Combined ratios were up across the board for US specialty insurers in the first quarter, as loss ratios inflated due to lower reserve releases and weaker underlying performances.
  • The pace of top line growth among the listed US specialty carriers slowed to 4.3 percent in the first quarter of the year.
  • WannaCry Hack; AmTrust fee business; Aviation rates; Miles Smith backer; Zurich legacy sale; Catalina strategic process; Grossman at Sovag and AG broker sale.
  • Brexit, regulation and promising Rhode Island legislation dominated the agenda of the annual Insurance and Reinsurance Legacy Association Congress (Irla) last week.
  • Today's soft market is the norm rather than the exception, according to BB&T Insurance chairman and CEO John Howard, who sees it as a key force in industry consolidation.
  • Small commercial and lower mid-market insurance will be the segments most impacted by InsurTech initiatives, according to senior executives speaking in New York last week.