Analysis

US insurance composite closes higher as Wall Street welcomes debt ceiling solution and positive May jobs report

The North American insurance composite compiled by investment banks Stonybrook Capital and Weild & Co was up 2.2 percent last week, with nine of the 10 industry groups ending the holiday-shortened week up.

UK aircraft lessor lawsuits near $5.5bn as global tally tops $7.8bn

Legal cases launched in the UK by aircraft leasing firms against insurers over the loss of hundreds of planes stuck in Russia since its invasion of Ukraine now total almost $5.5bn, analysis by The Insurer shows.

McKinsey: Insurers must improve appeal to alternative capital to help plug P&C protection gap

Insurers can position themselves to become more attractive to investors to enable alternative capital to become an increasingly core part of capital management strategies alongside traditional reinsurance, according to McKinsey & Company.

Majority of US P&C insurance stocks close May in the red amid markets instability

US debt ceiling tribulations and stubborn inflation readings contributed to market jitters on Wall Street, with stocks across all sectors – except tech – faltering in May.

Shares in continental insurers lead losses among Euro-listed (re)insurance companies in May

Allianz and Axa saw their stock prices fall over 10 percent as global equity markets faltered in the month.

Initial Lloyd’s 2022 YoA forecasts point to strongest returns since 2009

All but four third-party capital backed syndicates have projected a profit in the first round of quarterly forecasts to be published by Lloyd’s for the 2022 underwriting year.

Forecasters expect conflicting climate factors to result in average North Atlantic hurricane season

Most agencies are expecting that the interplay of water temperature in the tropical North Atlantic and the natural climate oscillation ENSO in the Pacific will result in average or slightly below-average storm activity in 2023.

US insurance stocks hit last week amid lacklustre stock market outside tech

The insurance composite compiled by investment banks Stonybrook and Weild & Co dropped 3.5 percent in the week to Friday, underperforming all major Wall Street indices.

London-listed (re)insurers growing into the hard market at Q1 but at varying speeds

Despite their differences in focus and business mix, all London-listed carriers have provided an upbeat view of market conditions at the start of the year, highlighting the growth momentum and firming rates in Q1 amid the unwinding of investment returns headwinds.

Winners and losers of the US P&C carrier Q1 results season

With the last batch of carriers having released their results last week, we examine how reported figures have fared against market expectations to identify the top performers and underachievers among US/Bermuda (re)insurers.

Bermudian reinsurers’ shares waver amid Berkshire’s front-foot attitude in Florida

News reported by this publication that Berkshire Hathaway is to lean in decisively to support Florida insurer of last resort Citizens sent most Bermudian reinsurers’ shares down last week amid fears of a shift in the current hardening market dynamics.

North American insurance composite rises 1.4% in the week

The insurance composite compiled by investment banks Stonybrook Capital and Weild & Co was up 1.4 percent last week, trailing the Nasdaq composite and S&P 500 but beating the Dow Jones Industrial Average.

European reinsurers confident on cat budgets despite $1.4bn Q1 Turkey hit

All four of Europe’s major reinsurers reported combined ratio improvements during the first quarter of 2023 despite booking ~$1.4bn of aggregate reserves related to the 6 February Turkey earthquakes during the quarter.

Painting a picture: Climate protests and fine art insurance

While last year’s spate of environmental protests targeting museums and galleries did not culminate in any significant physical damage or market losses, fine art underwriters are still keeping an eye on climate activists for fear the movement may attract other, less careful protesters.

Blenheim’s reluctant exit continues Lloyd’s retreat from cat reinsurance

Earlier this week Blenheim became the latest in a long line of syndicates to exit cat reinsurance, continuing Lloyd’s five-year retreat from property treaty.

US insurance composite ends flat last week as Wall Street indices falter

The North American insurance composite compiled by investment banks Stonybrook and Weild & Co ended last week at the same level as the previous Friday amid a 0.3 percent fall in the S&P 500 and a 1.1 percent drop in the Dow Jones Industrial Average.

E&S brokers: Property market “deteriorated at an accelerated rate” in Q1

The property E&S market is suffering capacity shortfalls on almost every major layered and shared account, according to James Rozzi of Risk Placement Services, with feedback from Burns & Wilcox and CRC also suggesting a “bleak” outlook.

Lloyd’s max size rule now $10bn+ GWP as Beazley rockets to new market record

A (re)insurer can now write up to £8.4bn ($10.6bn) GWP on the Lloyd’s platform before it breaches the market’s 15 percent maximum size rule, analysis by The Insurer shows.

North American insurance composite trails major indices with 1.4% weekly drop

The insurance composite compiled by investment banks Stonybrook and Weild & Co was down 1.4 percent last week, trailing all the major market indices.

Euro-listed (re)insurance stocks outperform broader market as majority of shares surge in April

Direct Line Group bounced back by 24.8 percent to lead the gains in April as almost two-thirds of our panel of European (re)insurers rose 5 percent or more.

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