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XL Catlin names new excess casualty chief

XL Catlin has promoted Colm Lyons to the position of chief excess casualty officer in Dublin, replacing Donnacha Smyth who has left the company to join Aspen.

Gavin Bradshaw, 11 April 2016
XL Catlin promotes Lyons as casualty underwriting duo exits

XL Catlin has promoted Colm Lyons to the position of chief excess casualty officer in Dublin, replacing Donnacha Smyth, who has left the company to join Aspen.

Catrin Shi, 11 April 2016
The Insider 30

Share price data on The Insurance Insider's universe of P&C (re)insurers

11 April 2016
(Re)insurers start April in negative territory

All the companies in the Insider 30 closed the first week of April with their shares down, at 2.7 percent on average.

Iulia Ciutina, 11 April 2016
Ironshore denies D&O cover to indicted water execs

Fosun-owned Ironshore has refused to pay defence costs for a handful of water executives that were blamed for an explosion that injured dozens of people in California in November 2014

Dan Ascher, 11 April 2016
AmTrust accuses Trust Risk CEO Somma of bribery in fresh US suit

AmTrust is suing the CEO of Italian broker Trust Risk in a New York court amid allegations of bribery and corruption, as the legal battle between the two companies spreads to a third jurisdiction.

Catrin Shi, 11 April 2016
Stone Ridge ILS funds hit $4.4bn

The net asset value of Stone Ridge's ILS funds increased to $4.4bn at the end of January, boosted by an increase of over 20 percent in the assets of the Reinsurance Risk Premium Interval fund, sister publication Trading Risk reported last week.

Winifred Okocha, 11 April 2016
ILS market firms in Q1 2015: Lane

The Lane rate-on-line index rose from 86.6 to 93.1 over the last quarter to indicate that rates have firmed since December, according to Lane Financial's latest quarterly report on the insurance-linked securities (ILS) market.

Winifred Okocha, 11 April 2016
Swedish AP3 fund lifts ILS assets by 50%

The Third Swedish National Pension Fund (AP3) reported total insurance-linked assets of 2.7bn krona ($331mn) at the end of 2015, up from 1.8bn krona in 2014 and 1.6bn krona in 2013, sister publication Trading Risk has reported.

Lucy Jones, 11 April 2016
Rate softening will continue at mid-year: Aon Benfield

Reinsurers continued to concede rate reductions at 1 April, with "the reinsurance value proposition for insurance companies" improving in line with 1 January, according to Aon Benfield's renewal report.

Catrin Shi, 11 April 2016

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