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Cat bond Bonanza for Florida carrier
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.
Lucy Jones
,
06 December 2016
London (re)insurers urged to engage with ILS proposals
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.
Fiona Robertson
,
06 December 2016
Investment yields remain anaemic in Q3
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
Iulia Ciutina
,
06 December 2016
The Insider 50
Monthly share price data on The Insurance Insider's universe of P&C (re)insurers
06 December 2016
Combined ratios swell year-on-year
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
Iulia Ciutina
,
06 December 2016
The Insider 50 down for the week
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.
Iulia Ciutina
,
06 December 2016
Key takeaways from the third quarter
(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
Iulia Ciutina
,
06 December 2016
Greenberg fraud trial to continue into 2017
The New York attorney general's long-awaited fraud case against former AIG CEO Maurice "Hank" Greenberg is set continue into the new year.
Dan Ascher
,
06 December 2016
P&C carriers to take Matthew Q4 profit hit
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.
Ted Bunker
,
06 December 2016
Shrinking reserves prompt analyst concern in Q3
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.
Ted Bunker
,
06 December 2016
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