All material subject to strictly enforced copyright laws. © 2021 Insurance Insider is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies | Subscription Terms & Conditions

September 2013/6

  • Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
  • Axa Liabilities Managers (Axa LM) has confirmed rumours circulating in the run-off market for some time by sealing a deal for the international arm of Global Re, together with its estimated gross reserves of circa $400mn.
  • The rising trend towards settling UK injury claims through periodic payment orders (PPO) has brought the issue under the legacy spotlight and sparked a hunt for a viable run-off solution.
  • Shareholders of Eastern Insurance Holdings are being asked to join a potential class action against the company's directors after they allegedly undervalued the US workers' compensation insurer in its $205mn agreed buyout with ProAssurance Corp.
  • Liberty Mutual has been thwarted in a bid to move a suit relating to a $50mn pipeline spill, which affected a university building project, to a court in California where the incident occurred.
  • Scor is set to take its challenge against Caisse Centrale de Reassurance (CCR)'s "virtual monopoly" of the French property cat reinsurance market to the European authorities after losing out in a French Constitutional Council hearing.
  • Professor Karel Van Hulle, the former European Commission insurance head and cheerleader for the much-delayed Solvency II initiative, has warned about the prospect of yet more interruptions to the regulatory regime's implementation.
  • New regulations governing the supervision of firms deemed systemically important to the health of the US economy may have unintended consequences that hurt the competitiveness of the market, insurance commissioner Tom Leonardi has warned.
  • Last week's US Senate Banking Committee hearing on the reauthorisation of the Terrorism Risk Insurance Act (TRIA) has left industry observers cautiously optimistic as lobbyists continue to push for an extension of the government backstop for terrorism losses.
  • The head of insurance at the UK's Prudential Regulation Authority, Julian Adams, will this week warn (re)insurers about the potential disruption they face from the burgeoning cat bond market.  
  • Former Execution Re partner Neil Strong has moved to a new business development role at London-based insurance-linked securities (ILS) fund manager Securis Investment Partners.
  • Markel Corp has secured $215mn of capital to deploy during the 1 January 2014 renewals via its retro-focused New Point sidecar, sister publication Trading Risk reported last week.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree