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P&C stocks beat the market
The Insider 30 made a 1.46 percent gain last week, outstripping the performance of wider stock market benchmarks the FTSE 100, Euro Stoxx 600 and S&P 500.
13 July 2015
Court approves Independent scheme
The UK's High Court has approved a scheme of arrangement for the ill-fated Independent Insurance Company, which went under in 2001 following a massive fraud.
13 July 2015
UK court removes barrier to EUR1.2bn AmTrust suit
A UK court has cleared the way for Trust Risk Group, the former Italian medical malpractice broker for AmTrust, to pursue the international specialty insurer for EUR1.2bn in arbitration proceedings.
13 July 2015
US bank sues over $75mn unpaid subprime claim
A US bank is suing eight financial lines insurers after they failed to pay out on a $75mn claim stemming from subprime mortgage loans issued in the years leading up to the global financial crash.
13 July 2015
UK insurers asked to design disaster scenarios
The Prudential Regulation Authority (PRA) has invited UK insurers to create and stress test two disaster scenarios as part of an assessment set by the regulator.
13 July 2015
UK IPT remains competitive despite hike
The UK's insurance premium tax (IPT) remains one of the lowest in Europe despite the hike introduced by chancellor George Osborne in last week's (8 July) summer budget.
13 July 2015
South Africa consults on ‘protectionist’ regulation
The South African regulator is thought to be consulting on a controversial piece of legislation that could have a significant impact on reinsurers writing its domestic business from offshore.
Dan Ascher
,
13 July 2015
Back to the drawing board: Can Axis and PartnerRe seal the deal?
The ongoing M&A saga between Axis and PartnerRe is set to continue after the companies postponed the critical shareholders' vote as they attempt to sweeten the terms of their agreement.
Himal Patel
,
13 July 2015
HCC targeted Japanese buyers
HCC Insurance Holdings asked Goldman Sachs to approach potential Japanese insurers to gauge their interest before the US specialty insurer's $7.5bn all-cash sale to Tokio Marine, according to the full proxy document filed today.
Charlie Thomas
,
13 July 2015
Kingstone buys more limit
Kingstone Insurance has bought more cat limit at a significantly lower rate-on-line and restructured its personal lines quota share with Swiss Re and Maiden Re.
David Bull
,
13 July 2015
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