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AIG drops down cat reinsurance cover
AIG has taken steps to increase its reinsurance protection against catastrophe volatility in the past year after it halved the trigger point of its US property catastrophe reinsurance programme.
Fiona Robertson
,
21 February 2017
Citizens to target up to $1.3bn reinsurance for 2017
Florida Citizens Property Insurance is planning to spend under $100mn to buy just $1.1bn to $1.3bn of total reinsurance limit in the mid-year renewals.
Fiona Robertson
,
21 February 2017
The Insider 50 grows
The Insurance Insider's index of P&C (re)insurance companies rose by 1.04 percent in the week to hit 1,055.5 points.
Iulia Ciutina
,
21 February 2017
Returns fall at US specialty carriers in Q4
US specialty insurers reported declining annualised operating returns on equity (RoEs) in the fourth quarter of 2016, as a modest improvement in investment returns failed to compensate for a contraction in underwriting margins.
Iulia Ciutina
,
21 February 2017
US specialty combined ratios worsen in Q4
Underwriting performance in The Insurance Insider's US specialty composite deteriorated in the three months to 31 December for the first time in the past five years.
Iulia Ciutina
,
21 February 2017
US specialty top line growth accelerates in Q4
Despite intense market competition and rate declines, US specialty carriers found areas where they believed they could grow profitably in the fourth quarter of 2016. The carriers wrote 4.8 percent more business year-on-year.
Iulia Ciutina
,
21 February 2017
Q4 results bode ill for Lloyd’s FY numbers
The profitability of the London market showed a marked deterioration in the fourth quarter, with several Lloyd's arms of international carriers posting combined ratios of over 100 percent.
Catrin Shi
,
21 February 2017
London market expenses ‘unsustainable’: Galanski
The high level of commissions and operating costs in Lloyd's and the London market are unsustainable and put carriers at a "competitive disadvantage", Navigators CEO Stan Galanski has claimed.
Catrin Shi
,
21 February 2017
Digest
Allied World-Elseco aviation deal; Marsh offers Brexit ‘plan B'; National Lloyds sale pulled; Nichols resigns as Axis Re CEO; NSW losses hit $53.8mn; Enstar to sell Pavonia life for $120mn; Chubb names Europe COO; Bahrain insurer mergers; Greenberg divests $26mn Validus stake; Investment result boosts Brit; IAG InsurTech hub launch; Tower under review; Fairfax $1bn investment loss; Swiss Re appoints global claims head; Arcus syndicate manager; Soft US P&C market to continue; Maiden auto re
Catrin Shi
,
21 February 2017
Steep cut in Ogden rate would cost £4.9bn: Willis
A 3 percentage point cut in the UK's Ogden discount rate for personal injury compensation would lead to a one-off reserve charge for the insurance industry of about £4.9bn ($6.1bn), according to Willis Towers Watson.
Laura Board
,
21 February 2017
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