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Fema to re-open individual Sandy claims

The Federal Emergency Management Agency (Fema) is to offer homeowners affected by Superstorm Sandy the option of reviewing their flood insurance claims, amid allegations that some were handled fraudulently.

Jenny Messenger, 11 May 2015
Axis gains on enhanced PartnerRe offer

P&C (re)insurance stocks traded up last week as the Insider 30 index made a 1.18 percent gain, outperforming the FTSE 100 and S&P 500 but lagging behind the Euro Stoxx 600.

Himal Patel, 11 May 2015
Private equity searching for run-off opportunities

Private equity funds are exploring a number of "direct and indirect" avenues to begin writing legacy risks, the annual Insurance and Reinsurance Legacy Association (Irla) Congress heard last week.

Dan Ascher, 11 May 2015
Fairfax announces $126mn legacy transactions

Canadian conglomerate Fairfax has announced a pair of legacy transactions worth more than $126mn.

Dan Ascher, 11 May 2015
JLT stopped from hiring Willis staff until April 2016

Willis has been granted an extension of an injunction blocking rival broker JLT from poaching any more of its specie team, moving the deadline up to April 2016.

Jenny Messenger, 11 May 2015
Number of new lawsuits declines in Q1: Advisen

The first quarter of 2015 saw a 9 percent year-on-year decline in overall new securities and business litigation filings and enforcement actions, according to research conducted by Advisen.

Jenny Messenger, 11 May 2015
Global reinsurance capital reaches $425bn in 2014: Willis Re

Global reinsurers' aggregate shareholders' equity increased by 5 percent to $344bn last year, according to Willis Re's reinsurance index.

Winifred Okocha, 11 May 2015
Global P&C reinsurance combined ratios regress

Global reinsurers' flagship P&C reinsurance arms reported a general deterioration in underwriting performance during the first quarter, as increased expenses, higher-than-expected man-made losses and widening core loss ratios dented results.

Himal Patel, 11 May 2015
Underwriting deteriorates at short-tail carriers despite higher reserve releases

In a quarter spared the impact of cat losses it was perhaps surprising to see a significant deterioration in the underwriting performance of the quartet of short-tail carriers tracked by The Insurance Insider.

David Bull, 11 May 2015
Bermudian Q1 underwriting performance deteriorates

Underwriting performance for Bermudian carriers worsened slightly during the first three months of 2015, as underlying core loss experience and expense ratios increased amid another light catastrophe quarter.

Himal Patel, 11 May 2015

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