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Softening rates squeeze London-listed (re)insurers' top-line growth
Top-line growth for London-listed carriers quickly decelerated in the first quarter of 2014, as mounting competition and softening rates burdened the peer group.
27 May 2014
Sanders prices below 4%
Florida cat bond Sanders Re (2014-2) will provide Allstate subsidiary Castle Key with indemnity protection for losses from all natural perils.
27 May 2014
USAA upsizes high-risk cat bond tranches
USAA's US multi-peril bond Residential Re (2014-1) will close in the middle of its initial target range of $100mn-$150mn at $130mn.
27 May 2014
USAA, Allstate, NKSJ and Zenk raise $730mn from cat bonds
A quartet of cat bonds closed at the end of last week, raising their sponsors a total of almost $730mn in protection against Japanese, US and Florida-specific risks.
27 May 2014
Heritage IPO misses target
UK insurer Saga's IPO was lukewarm late last week and so was the Floridian insurer Heritage Insurance Holdings, which raised just $66mn from its IPO on the NYSE as pricing of its shares came in below expectations
27 May 2014
Swiss Re returns capital to Sector Re investors
Swiss Re has handed capital back to investors in Sector Re after a brief expansion of the sidecar in 2013.
27 May 2014
Forge surety loss to hit QBE
QBE Insurance and Australian specialist insurer Assetinsure, soon to be acquired by Ironshore, have exposure to the major surety claims stemming from the Forge Group collapse earlier this year.
27 May 2014
Malaysia Airlines liability reserve tops estimates at $380mn
The loss reserve for the liability portion of the Malaysia Airlines claim has been set at $380mn, comfortably exceeding expectations, The Insurance Insider revealed last week.
27 May 2014
Pemex overhauls energy programme
Mexican state-owned energy giant Pemex is undergoing a revamp of its insurance purchasing that could lead to a change its main broker and alter its energy programmes, sister publication Inside FAC revealed
27 May 2014
Amlin restructures to create reinsurance unit
London-listed Lloyd's carrier Amlin plc is reorganising to create a new tripartite structure, which will include a global reinsurance division led by Kevin Allchorne.
27 May 2014
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