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  • Floridian insurer American Strategic Insurance is set to raise $200mn from its Bonanza Re cat bond as strong investor demand pushed the insurance-linked coupon on the transaction below initial targets, sister publication Trading Risk reported.
  • UK Economic Secretary to the Treasury Simon Kirby has called upon the insurance industry to engage thoroughly with the consultation on the draft regulations for London's insurance-linked securities (ILS) hub.
  • While some groups posted increased investment returns in the third quarter, yield remained at low single-digit levels for all the P&C carriers in our coverage universe
  • Monthly share price data on The Insurance Insider's universe of P&C (re)insurers
  • Underwriting performance across the P&C (re)insurance companies in our coverage universe worsened in the third quarter of the year, as reserve releases offered less support to margins and core loss ratios widened
  • The Insurance Insider's updated group of major non-life (re)insurers - The Insider 50 - was down by 0.33 percent last week, shedding 3.3 points to close at 996.7 points.
  • (Re)insurers delivered an uninspiring set of results in the third quarter, leaving investors wary in the run-up to the forthcoming full-year releases
  • The New York attorney general's long-awaited fraud case against former AIG CEO Maurice "Hank" Greenberg is set continue into the new year.
  • Losses from Hurricane Matthew are expected to dent fourth quarter profits at P&C carriers, as claims tied to the storm have climbed to more than $700mn in Florida alone, according to state figures.
  • Analysts combing through third-quarter earnings reports have expressed concern over shrinking reserve pools in the US P&C sector, an industry headwind likely to continue for the next 18 months.