September 2015/3

Share price data on The Insurance Insider's universe of P&C (re)insurers

P&C (re)insurance stocks edged down last week as The Insider 30 declined by 0.35 percent on average

The cost of managing looming regulatory changes is likely to hit reinsurers' bottom lines, according to Guy Carpenter.

The UK's Flood Re scheme could prove a waste of public money, according to the shadow minister for environment, food and rural affairs.

Firms creating cyber models must tackle the problem of aggregation, according to a senior figure in the cyber insurance market.

With the curtain drawn on another Monte Carlo Rendez-Vous, the sector's P&C equities analysts have issued their key takeaways from the conference.

Amtrak subsidiary Passenger Railroad Insurance has begun marketing a $200mn cat bond in what is only the second insurance-linked securities transaction to focus on storm surge risk, sister publication Trading Risk reported last week.

Global carrier Zurich will not renew its Lakeside Re cat bond when it matures at year-end, as it plans to shift the focus of its reinsurance buying away from regional covers and towards global protections.

Japanese insurers are facing a growing claims bill after heavy storm activity in the country during August and September led to severe flooding and landslides.

Guy Carpenter has hired a further five staff from Aon Benfield as it continues the aggressive build-out of its facultative reinsurance team, as the broker looks to double its revenues from fac reinsurance over the next five years.

Cyber hires; California fires; R&Q de-emption; Nuclear syndicate increases capacity; Halsband joins Drinker, Biddle & Reath; Cyber consortium launch; Aon's magnificent 7; AmTrust appoints Attwood; HK insurance watchdog...

The trend for soft treaty capacity to absorb business previously ceded to the facultative market is set to continue with a new fac facility being planned by global insurer Zurich, sister title Inside FAC reported today (21 September).

Global carrier Zurich is set to become the latest cedant to consolidate its marine and upstream energy treaties as it looks to streamline its reinsurance buying at 1 January, The Insurance Insider has learned.

AmTrust could increase its top line by up to a fifth via the acquisition of Texas-based Republic Group, The Insurance Insider revealed last week.

US and Lloyd's insurer The Hanover is widely being seen as vulnerable to a takeover after its CEO Fred Eppinger unexpectedly announced last week that he would step down as soon as a successor can be found.

Bermudian carrier Endurance is set to enter the aviation insurance sector by writing two broker facilities in the London market, The Insurance Insider can reveal.

Much of the consolidation of XL's and Catlin's reinsurance buying will be accomplished by 1 January, as the enlarged group comes to market with a range of combined covers, The Insurance Insider understands.

Janet Edey is to join AmTrust at Lloyd's as head of professional lines, The Insurance Insider has learned.

Darag has launched a Maltese run-off platform in a bid to bring more private equity money into the legacy space.

The so-called "injury lines" variable quota share treaty placed for Liberty Mutual is set for a flat renewal with a 34 percent ceding commission, The Insurance Insider can reveal

Zurich pulled out of making a formal bid for RSA this morning (21 September), acknowledging that it could not make the numbers work in the light of a deterioration in its current and prior-year loss experience

Jerry Tegan is set to retire from Ryan Specialty Group (RSG) at the end of 2015, The Insurance Insider can reveal.

A September reinsurance Rendez-Vous-er visiting the Cote D'Azur from northern climes is often struck by the immediate transportation back a season that the two-hour trip provokes from early autumn to late summer

Aspen is still working on its protracted hedge fund reinsurer project and has now entered the process of fundraising with Goldman Sachs, The Insurance Insider understands.