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  • Eiopa has announced a new EU-wide stress test for the insurance sector aimed at assessing its overall resilience
  • Insurance chief investment officers are increasingly allocating funds into "alternative" classes such as private equity and infrastructure debt, according to a major survey by Goldman Sachs Asset Management
  • RenaissanceRe CEO Kevin O'Donnell warns that the Florida market is showing ill discipline as the 1 June renewal looms
  • US insurer Allstate is testing ILS investors' appetite with Sanders Re, which - at the time of going to press - looked increasingly likely to upsize from $600mn to $750mn
  • Florida's House of Representatives has rejected a provision that would allow surplus lines carriers to take on policies through state-backed insurer Citizens' clearing house initiative
  • American Coastal Insurance Company has renewed its Armor Re cat bond at a lower rate than last year, but nonetheless it is one of the few ILS transactions to price at the upper-end of expectations
  • Troubled Sunshine State Insurance Company and its owner US Re are understood to be cautiously optimistic that they will be able to meet the 15 May deadline set by regulators to restore the insurer's surplus, following the discovery of an accounting error that created a hole in its finances, the withdrawal of its ratings and a regulatory order to stop writing business
  • Willis Re was the reinsurance broking sector's standout performer in the first quarter of 2014, delivering a "high mid single digit" increase in organic revenues to outpace its two closest rivals
  • Berkshire Hathaway's operating profits fell 6.6 percent to $3.53bn as the investment conglomerate missed Wall Street consensus forecasts of $2,172 a share
  • The annualised operating return on equity (RoE) for The Insurance Insider's short-tail composite slid by more than 5 percentage points to 16.0 percent in the first quarter, despite a reduced cat load.