Florida Hurricane Ian

AM Best: FL special session needs long-term solutions to avoid insolvencies, attract national players

2022-12-08T15:52:00+00:00

Florida’s special legislative session must result in “immediate and substantive long-term legislative reforms” in order to avoid further insolvencies and attract national insurers and reinsurers, AM Best has warned in a new report.

North American Stocks Tracker

US insurance stocks post moderate weekly gains as Fed’s hawkish stance appears to recede

2022-12-05T17:18:00+00:00

Share prices for 52 of the 89 (re)insurance companies tracked by investment banks Stonybrook and Weild & Co advanced last week amid mild gains for Wall Street.

Stocks-on-the-rise

P&C insurance stocks maintain upward trend in November

2022-12-02T07:49:00+00:00

Improving investor sentiment continued to benefit European and US insurance shares in November as all major benchmarks recorded their first back-to-back monthly gains since August 2021.

Lloyd's

Lloyd’s 2023 stamp capacity up ~21% as majority of syndicates approved to grow

2022-11-30T15:11:00+00:00

Lloyd’s will operate with a total market stamp capacity of at least £47.9bn ($59.4bn) in 2023, up 20.9 percent year on year, with 68 of 80 respondents to The Insurer’s annual capacity survey having gained business plan approval to grow at 1 January.

2022 hurricane season

Hurricane season 2022: It only takes one storm…

2022-11-30T08:20:00+00:00

Today marks the official end of the 2022 Atlantic hurricane season – a season that, from an insured loss perspective, will ultimately be remembered for Hurricane Ian.

Aviation

Aircraft lessor lawsuits now top $6.7bn for jets in Russia

2022-11-28T08:29:18.293+00:00

Legal cases launched by aircraft leasing firms against insurers over the loss of hundreds of planes stuck in Russia since Moscow’s invasion of Ukraine now total $6.69bn, analysis by The Insurer shows.

US commercial Insurance

US commercial pricing shows overall moderation with greater divergence between lines

2022-11-23T17:06:00+00:00

Feedback on Q3 US commercial pricing from insurance leaders and other observers reveals continued moderation of increases overall albeit with individual lines moving at different directions and speeds, with Hurricane Ian expected to lead to property hardening.

R&Q

R&Q share price drifts to new low adding to potential 2023 capital squeeze

2022-11-22T08:27:00+00:00

R&Q’s share price fell to an all-time low yesterday before closing at 68 pence and is now 28 percent down since the firm won a bruising victory over shareholder activists trying to overthrow executive chairman William Spiegel. 

US P&C stocks tracker

Reinsurer shares outperform as US equities waver

2022-11-21T15:24:00+00:00

The P&C insurance industry composite of US-listed stocks compiled by investment banks Stonybrook and Weild & Co closed last week with a modest decline of 0.6 percent amid losses in all major US benchmarks.

Hurricane Ian

MS&AD, Sompo and Tokio Marine take disclosed Ian losses to $17bn

2022-11-18T14:37:00+00:00

The release of quarterly and half-year results from the big three Japanese insurers on Friday has pushed disclosed Hurricane Ian-related net losses to over $17bn, according to analysis by The Insurer.

IM-WoodRuff-USMap-RateChangeGraph

Woodruff Sawyer forecasts “mixed bag” for property casualty in 2023

2022-11-16T13:42:00+00:00

Premiums will continue to increase, although at a slower rate, across most commercial lines segments in 2023, which will “be the year of options” for the property market while the casualty market will “remain challenging”, according to US retail broker Woodruff Sawyer.

US P&C stocks tracker

Mixed week for US P&C stocks despite Wall Street rally

2022-11-14T16:29:00+00:00

The P&C insurance industry composite of US-listed shares compiled by investment banks Stonybrook and Weild & Co was up 2.4 percent on average last week but the majority of insurance stocks recorded falls.

Hurricane Ian damage

Disclosed Ian-related net losses reach $16bn

2022-11-11T07:51:00+00:00

London-listed carriers have so far recorded the second-largest impact from Hurricane Ian as a proportion of total shareholders’ equity, according to analysis by The Insurer.

US P&C Stocks Tracker

US P&C industry composite flat amid rocky week for global equities

2022-11-07T15:49:00+00:00

The P&C insurance industry composite of US-listed stocks compiled by investment banks Stonybrook and Weild & Co was down 0.3 percent last week but still outperformed all major US equity benchmarks

Wall street Asia Markets

P&C insurance stocks swept up in global markets October rally

2022-11-01T13:58:00+00:00

US and European P&C insurance stocks were swept up in a widespread market rally in October which sent global equities soaring and saw all the major averages break a two-month losing streak, as investors looked to more traditional companies, like insurers, to lead the next bull market.

Munich Re, Swiss Re, Scor and Hannover Re

Diverging retro paths of big four reinsurers likely to continue in the year ahead

2022-10-26T07:28:54.783+01:00

As discussions continue around 1.1 renewals, The Insurer recaps the diverging approaches taken by Europe’s big four reinsurers towards retro protection and catastrophe risk in 2022.

US P&C Stocks Tracker

Stonybrook US P&C composite lags despite performance of reinsurer and broker stocks

2022-10-24T16:13:55.027+01:00

The P&C insurance industry composite of US-listed stocks compiled by boutique sector-focused investment bank Stonybrook was up 1 percent last week, underperforming a relative rally in the major Wall Street indices despite a strong showing from reinsurers, global P&C insurers and brokers.

Euro stocks

Mixed fortunes for European reinsurance stocks amid 2022 financial turbulence

2022-10-24T04:11:00+01:00

With just over two months left of trading in the year, shares in Munich Re and Hannover Re have significantly outperformed all major European indices, in stark contrast to Scor’s shares which have almost halved in value.

Oil and gas

Big four reinsurers’ oil & gas exit policies signpost broader industry’s withdrawal from fossil fuel underwriting

2022-10-23T08:48:00+01:00

Munich Re’s recent announcement that it will no longer insure new conventional oil and gas projects as of 1 April 2023 means all of the big four reinsurers have now extended their underwriting restrictions to the whole spectrum of fossil fuels.

Hurricane Ian damage

Hurricane Ian: conflicting signals as early claims data hints at a sub $50bn loss but creep fears remain

2022-10-23T08:47:00+01:00

In the weeks that have followed Hurricane Ian’s Florida landfall, a complex loss picture has emerged which will take years to settle.