September 2015/4

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

Bob Stuchbery will step down from his role as Chaucer CEO to become president of international operations at parent company The Hanover, The Insurance Insider can reveal.

P&C (re)insurance stocks traded up last week as The Insider 30 climbed 0.98 percent on average.

A new US advisory committee has been established in a bid to encourage participation from the private market in writing US terrorism cover.

An amendment to the Insurance Act could leave insurers on the hook for damages if they fail to pay a claim promptly.

The European insurance watchdog has declared that carriers in countries with Solvency II equivalence must be subject to the highest capital requirements in order to create parity with other international regimes.

The formal commitment to electronic insurance placement through the Placing Platform Limited (PPL) platform is the latest development in the journey towards market modernisation.

The International Underwriting Association (IUA) has added to the chorus of support for the e-placement commitment announced last week at the London Market Group (LMG) forum.

The relative outperformance of US specialty carriers will continue to draw the attention of other insurers and investors looking to build a presence in the segment, according to Standard & Poor's (S&P).

The news last week of Zurich's US commercial auto reserve charge has again shone the spotlight on a line of business that has proved troublesome for insurers

Bermudian retro specialist CatCo Investment Management is considering fundraising options to expand its January 2016 portfolio.

Reinsurance M&A could benefit insurance-linked securities (ILS) funds as larger carriers will be keen to reduce counterparty credit risk, two fund managers have told sister title Trading Risk.

Working with China is the right thing to do and the UK should continue to focus on working with emerging markets, according to Vince Cable.

Charles Taylor managing agency has announced that The Standard Club's Syndicate 1884 plans to write political risks and terrorism business in 2016.

JLT is set to become the new broker for Portuguese airline TAP Group, The Insurance Insider understands.

Adams joins Nexus; Insurers' expansion plans; R&Q completes IC deal; JLT Re hires DeHane; Eckert leaves Gallagher board; IG to increase club retention; Ambant unveils CEO; Apollo names MGA management; RMS(one) ‘on track'; Energy and power GWP; BB&T's Reece to retire; Brit's Ambridge deal; Nelson joins Scottsdale; Liberty Mutual appoints Morelli; Hamilton hires Barrett; Non-damage BI for life science; Chinese interest in Bermuda

The high cost of primary insurance has been a significant factor in why reinsurance has struggled to drum up demand in the current market, Transatlantic Re CEO Mike Sapnar has claimed.

Towers Watson's proposed merger with (re)insurance broker Willis could be in jeopardy following criticism from the consultancy's investors over the transaction's value proposition.

UK broker aggregator Towergate is to shift its focus away from M&A and onto integration and infrastructure in a bid to regenerate under its new leadership team.

The core cat treaty bought by the Turkish Catastrophe Insurance Pool (TCIP) has priced down around 10 percent on a risk-adjusted basis, The Insurance Insider can reveal.

Ace pulled senior staff out of its Chinese joint venture Huatai earlier this year and transferred them to its Lloyd's platform, through which it is now expected to concentrate its efforts to penetrate the fast-growing market.

Financial lines insurers could find themselves subject to a raft of claim notifications on Volkswagen's major directors' and officers' (D&O) programmes, as the German car manufacturing giant continues to face the fallout from its admission that it cheated emissions tests in the US.

London market humourists were gifted an easy throwaway gag last week.

Japanese big three insurer Sompo Japan Nipponkoa could be heading for a $60mn claims dispute with its reinsurers over the Tianjin explosions, The Insurance Insider can reveal.