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Reinsurance now cheaper than other forms of capital: JLT Re
The cost of reinsurance has now fallen significantly below other forms of contingent capital such as equity, debt and even carriers' own capital, a new study has found.
Dan Ascher
,
26 July 2016
Everest Re agrees deal to sell and reinsure crop unit
Everest Re has agreed a deal to sell its US crop business Heartland in a transaction that will also see it enter into a long-term reinsurance relationship with the buyer.
26 July 2016
Everest Re Q2 profits drop 40% on cats
Second quarter operating profits fell 40 percent to $134.2mn at Everest Re as the (re)insurer revealed $123.8mn of net catastrophe losses for the period.
David Bull
,
26 July 2016
WR Berkley profits flat despite uptick in cat losses
WR Berkley reported flat operating profits at $104.9mn for the second quarter of the year despite its share of significant industry catastrophe losses threatening to put pressure on the carrier’s combined ratio.
Dan Ascher
,
26 July 2016
AFG set for $65mn charge after Neon restructure
American Financial Group (AFG) said it will take a charge of $65mn in its second quarter results in relation to the major restructure taking place at its Lloyd’s platform, Neon Underwriting.
Dan Ascher
,
25 July 2016
Neon adds $10mn capacity to Icat
Property catastrophe specialist Icat has teamed up with fellow Lloyd's managing agency Neon to provide an additional $10mn of per-risk capacity to cat-exposed US commercial properties.
25 July 2016
The Insider 30
Share price data on The Insurance Insider's universe of P&C (re)insurers
25 July 2016
Allied World skyrockets
Shares in Allied World increased by almost 17 percent over the week after the Bermudian carrier surprised analysts and investors alike with a sterling set of second quarter results
25 July 2016
National Interstate finally bows to AFG bid
American Financial Group (AFG) has finally reached agreement with National Interstate over its $32 a share bid for the commercial auto insurer after the deal was sweetened with the promise of a one-time $0.50 a share special dividend.
David Bull
,
25 July 2016
Endurance accused of bid to ‘destroy’ Sawgrass
Florida mutual Sawgrass has accused its part-owner Endurance of trying to destroy its business after the John Charman-led firm threatened to sell the renewal rights of 40,000 homeowner policies to a competitor.
Dan Ascher
,
25 July 2016
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