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Doom and gloom for P&C stocks in Q1
The Insurance Insider reviews the performance of stocks in the first quarter after the stellar gains of 2013
16 June 2014
Securis hires Ascot founder Reith
London-based insurance-linked securities (ILS) fund manager Securis Investment Partners has hired Martin Reith to take on the newly created role of advisory director.
16 June 2014
Spreads tighten on first post-June cat bonds
Pricing guidance has tightened on the Texas Windstorm Insurance Association (Twia)'s Alamo Re cat bond, the first post-June transaction on the insurance-linked securities market, sister publication Trading Risk reported last week.
16 June 2014
Europe braced for June hailstorm losses
Violent wind and hailstorms affected large parts of western and central Europe between 7 and 9 June, causing damage to homes and infrastructure in Germany and France, which is likely to result in insurance losses.
16 June 2014
Hancock anointment at AIG welcomed by analysts
The appointment of Peter Hancock as new group CEO of American International Group (AIG) last week surprised some industry commentators for its timing, but was broadly welcomed as a sign that the insurance giant's turnaround remains well on course.
16 June 2014
Lloyd’s to issue managing agent conduct guidelines
Lloyd's is expected to issue a consultation this week on new guidelines detailing minimum conduct standards for managing agents.
16 June 2014
PDVSA to cancel policy after fresh broker change
Venezuelan state-owned energy company PDVSA has appointed Alesco and Cooper Gay as its brokers, and informed the market that it will cancel its in-force policy ahead of a 1 July rewrite, The Insurance Insider has learned.
16 June 2014
Guy Carpenter’s Manning marches to Markel
Erik Manning has resigned from Guy Carpenter, where he had spent four years placing retro business in Bermuda, and is expected to join Markel shortly in a new capital markets role, sister publication Trading Risk reports.
16 June 2014
Expansive IAT Re secures Main Street A rated paper
IAT Re has entered into a strategic partnership with Main Street America (MSA) that will see the US insurer front for the Bermudian quota share specialist on its AM Best A rated paper, The Insurance Insider can reveal.
16 June 2014
Heritage wins bid for $60mn Sunshine State book
Fast-growing Heritage Insurance Holdings is set to take on the $60mn portfolio of business previously written by failed Floridian insurer Sunshine State Insurance Company (SSIC).
16 June 2014
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