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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
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
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
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
Primary rate declines slowed in 2016: Marsh
Declines in global insurance rates moderated throughout 2016 amid early signs of capacity withdrawal and rising combined ratios, according to Marsh.
Matthew Neill
,
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
Motor insurers braced for Odgen rate change
Insurers could face additional earnings pressure and further reserve strengthening as a result of a cut to the so-called Ogden rate, which is expected to be announced later this month.
Laura Board
,
21 February 2017
Allianz would still consider M&A after buyback: CEO
Allianz CEO Oliver Bäte has roundly rejected suggestions his firm's EUR3bn ($3.2bn) share buyback means it is no longer considering M&A deals, and claimed the carrier had the financial strength to do both.
Catrin Shi
,
21 February 2017
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