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Catco returns 12% in 2015 after flood and tornado claims
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.
Fiona Robertson
,
02 February 2016
Analysts put US rate reductions under the spotlight
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.
Catrin Shi
,
02 February 2016
P&C pricing continues downwards trajectory
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.
Catrin Shi
,
02 February 2016
AIG reserve charge raises more questions than answers
It wasn't only the size that surprised in American International Group (AIG)'s $3.6bn pre-tax reserve charge last week.
David Bull
,
02 February 2016
AIG update a ‘missed opportunity’: Bernstein
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".
David Bull
,
02 February 2016
AIG: better together than apart?
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.
David Bull
,
02 February 2016
News digest
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
02 February 2016
Flood Re completes £2.1bn retro
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).
Charlie Thomas
,
02 February 2016
UK insurers must be consulted on floods
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.
Charlie Thomas
,
02 February 2016
Besso auction launches
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.
Adam McNestrie
,
02 February 2016
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