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  • The Catco Reinsurance Opportunities Fund delivered an 11.58 percent gain for 2015, as it recorded a 1.75 percent impact from reserves for UK flooding and US tornadoes.
  • Following the broad softening of rates seen at US P&C carriers, analysts were divided on the extent of the threat to rivals Travelers and Chubb.
  • The outlook for P&C pricing refuses to brighten, as renewals at major US insurers showed many lines of business have slipped further into negative territory.
  • It wasn't only the size that surprised in American International Group (AIG)'s $3.6bn pre-tax reserve charge last week.
  • Despite applauding several elements of AIG's strategy update - including a commitment to return $25bn to shareholders by 2017 - Bernstein analyst Josh Stirling said the insurer had "missed a more major opportunity".
  • American International Group (AIG)'s recent strategy update fell short of the radical calls to break up and "de-Sifi" the company outlined by activist investors and their supporters in the analyst community.
  • EC unveils CFC tax clampdown; AJG's McGurn steps aside; Century becomes Lloyd's coverholder; RSG completes Hunter George acquisition; Pexton named Beaufort chairman; Modi targets 50% of farmers; Chubb names Asia presidents; XL Catlin hires Koehler
  • Flood Re, the UK's government-backed reinsurance scheme, has secured the final tranche of its retrocession cover, taking its reinsurance limit to £2.1bn ($3bn).
  • Insurers have to be brought into flood prevention discussions if the UK is to avoid future flooding disasters, according to former Aviva and Suncorp CEO Patrick Snowball.
  • London-headquartered independent wholesaler Besso has kicked off its strategic process two months after it awarded the advisory mandate to Canaccord Genuity Hawkpoint, The Insurance Insider understands.