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QBE investigated for potential class action suit
Australian insurance giant QBE is facing a shareholder class action investigation over allegations that it misled the market ahead of a profit warning issued on 9 December 2013, the company confirmed last week (19 August).
26 August 2014
Reinsurers divide on soft market strategies
The Insurance Insider's Data Room finds that while all the global reinsurers agree on the competitive pricing conditions, they are adopting different approaches to navigating the soft market
26 August 2014
Low cats lift Bermudian returns in Q2
Operating returns for Bermudian carriers rose during the second quarter of 2014 after another relatively benign period for catastrophe losses.
26 August 2014
Lloyd’s combined ratio creeps under 90%
The listed Lloyd's carriers again delivered a sub-90 percent combined ratio in the first half of 2014 and broadly resisted exhibiting signs of the underlying deterioration in underwriting performance that some had feared.
26 August 2014
Lloyd’s carriers continue to find growth
The listed Lloyd's (re)insurers again delivered top-line growth in the first half as additional writing more than offset accelerating rate cuts.
26 August 2014
Lloyd’s carriers delivered improved H1 returns
Despite a maelstrom of negative commentary on the rating environment, the listed Lloyd’s carriers bested their 2013 performances in the first half of this year as improved investment returns helped to offset widening combined ratios.
26 August 2014
AmTrust stock recovers from critical report wobble
AmTrust shares vacillated last week after an investigative report suggested that a 16 percent block of its stock held in non-profit foundations could be forcibly sold to comply with US tax rules.
26 August 2014
Tower hit by further $26.6mn Q2 reserve charge
Ailing US insurer Tower Group fell to an equity deficit last week after the company was forced to once again strengthen its reserves in Q2.
26 August 2014
YPF Mendoza physical damage claim rises to $180mn
Willis has estimated that a fire and explosion at an Argentinian tank farm this year has cost the downstream energy industry $180mn in physical damage (PD) alone.
26 August 2014
Profitable offshore energy market to stay soft: Willis
Global broker Willis has questioned whether conditions in the rapidly softening downstream energy market are really as bad as some underwriters wished to suggest, noting that the market looked to have made money ever since Hurricane Ike in 2008.
26 August 2014
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