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  • First quarter operating returns on equity shrank for the fourth consecutive year among Bermudian (re)insurers, with one-off Ogden impacts and elevated cat losses eroding profits.
  • One of the senior executives at Hiscox Re's insurance-linked securities (ILS) platform, Michael Jedraszak, has resigned four years after helping to establish the division, sister publication Trading Risk revealed last week.
  • New York's Metropolitan Transportation Authority (MTA) is looking to renew its cat bond cover after its previous insurance-linked securities (ILS) protection lapsed midway through 2016, sister publication Trading Risk reported
  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • The first quarter underwriting result worsened for Bermudian carriers in 2017 compared to the prior-year period, as elevated attritional losses together with Ogden charges and higher cat losses pressured margins.
  • The Insider 50 increased for the second consecutive week, climbing 1.6 percent week-on-week to 1,070.2 index points - the highest level in the index's history and 3.6 percent up for the year-to-date
  • Gross written premium (GWP) growth at Bermudian carriers slowed significantly in the first quarter by 24.6 percentage points year-on-year to 4.3 percent as reinsurance growth stalled.
  • Berkshire profits drop; Aston Scott among Lark bidders; Athene bids for F&G; AIG beats despite commercial underwriting loss; Stubbs leaves Acappella; Debbie hits Swiss Re Q1; RSA £40mn Ogden hit; ERS active underwriter leaves; Next Insurance raises $29mn
  • Newly elected French president Emmanuel Macron purchased a financial indemnity policy from Allianz against a first-round disaster scenario of failing to capture more than 5 percent of the vote, according to leaked documents.
  • Swiss Re CFO David Cole has stressed that the reinsurer is comfortable with its reserving position after AIG reported a $5.6bn casualty-linked reserve charge in its Q4 results.