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Early reporters lead to lower expectations for P&C stocks: Bernstein
The reaction of the stock market to some of the first batch of reporting companies in the US and Bermuda P&C industry has led one industry analyst to lower his expectations for the sector.
28 July 2014
Weather losses drive earnings misses
Higher than expected US weather losses from cat and non-cat events have been a key factor behind some of the larger P&C carriers missing Wall Street earnings forecasts.
28 July 2014
US bellwethers look to put slowing rate rises in perspective
With further evidence of a slowdown in US commercial insurance rate rises in Q2, management of early reporting carriers have sought to show rate movements in a broader context following multiple quarters of compounding price increases.
28 July 2014
Lancashire aims for $500mn Kinesis limit in 2015
Lancashire expects to have an additional $160mn of limit to deploy through its Kinesis sidecar in the 1 January 2015 renewals compared to the amount it had in January 2014, the firm said after its Q2 results were released last week.
28 July 2014
Nephila to bulk up insurance book
Nephila Capital has signed a partnership with State National Companies that will provide the fund manager with $400mn of premium capacity for 2015 and 2016, sister publication Trading Risk reported last week.
28 July 2014
Cat market ‘scraping the bottom’: Validus
After 18 months of heavy rate reductions, property cat pricing cannot fall much further, according to Validus CEO Ed Noonan.
28 July 2014
Brindle sells Lancashire shares; non-compete runs to 1.1
Lancashire's founding CEO Richard Brindle has sold out of the company completely and will be free to return to the market as soon as 2 January 2015, Lancashire confirmed to The Insurance Insider last week.
28 July 2014
London modernisation takes step forward with broker messaging
The London Market Group (LMG) today (28 July) unveiled a new initiative to allow brokers to access the Lloyd's market more easily by ensuring that the Acord standardised messages used outside the market will now be acceptable in London.
28 July 2014
July aviation losses continue
The aviation market has suffered another two losses in the space of a week since the shooting down of Malaysia Airlines flight MH17 over Ukraine on 17 July.
28 July 2014
LAR and AIG have biggest MH17 losses
Allianz leads the Malaysia Airlines all-risk programme that will pick up the liability loss from flight MH17, but the biggest lines belong to La Réunion Aérienne (LAR) and AIG, The Insurance Insider can reveal.
28 July 2014
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