All Capital articles
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NewsNew Bermuda and London capital could have “dampening” price impact: AM Best
Bermudian and London market (re)insurers have been able to raise equity with relative ease, which could have a dampening effect on pricing improvements, AM Best has commented.
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Analysis
Solvency II overhaul will create “consistent” oversight across the EU: AM Best
The proposed overhaul of European capital rules would give rise to more consistent regulation and provide a better picture of (re)insurers’ balance sheets, according to AM Best.
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News
BP Marsh MGA portfolio GWP grows 18% in 2020 financial year
Venture capital provider BP Marsh said it expects its profit for the 2020 financial year to be at or above the £0.8mn ($1.1mn) achieved in 2019, with cost mitigation measures having offset a 15 percent reduction in income from its investment portfolio.
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News
Helios appoints Willis Re Securities as Lloyd’s growth by acquisition continues
Lloyd’s investment vehicle Helios Underwriting said it will keep its options open as to a further capital raise as it targets continued growth in 2021 following the recent appointment of Willis Re Securities.
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News
“Heightened volatility and prolonged uncertainty” to drive reinsurance demand in 2021 – Guy Carpenter’s David Priebe
Covid-19, climate change, cyber security and demographic changes are all contributing to heightened volatility across the risk landscape, which is driving prolonged periods of uncertainty and demand for reinsurance.
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News
Chubb ups share repurchase programme by $1bn
Chubb’s board has authorised an increase of $1bn to the share repurchase programme that was announced in November 2020, with the programme now allowing for up to $2.5bn in repurchases during 2021.
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News
Insurers call on EU for “level playing field” in capital standards overhaul
European carriers have called on regulators to ensure a “level playing field” is maintained for capital requirements, as the bloc considers whether US rules for the sector measure up to new global standards for insurers.
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News
Will new capital be the difference between a hardening and hard market in 2021?
An estimated $23bn of new capital entered the (re)insurance sector ahead of the 1 January renewals and, according to commentators in the latest episode of The Insurer TV ’s flagship analysis programme, this new capital played an important role in helping get “the last 5 percent” of placements cleared. ...
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News
Helios set to grow capacity portfolio to £146mn in 2022: Shore Capital
Lloyd’s investment vehicle Helios is forecast to grow its portfolio of syndicate capacity to £146mn ($200mn) in 2022, according to estimates by Shore Capital, on the back of its recent £20mn capital raise.
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News
Lloyd’s targets ILS and other investors through new platform launch
Lloyd’s CFO Burkhard Keese said the market had strengthened its competitive position after securing regulatory approval for a new investment platform that will simplify the way institutional investors deploy funds in the market.
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News
LGT, Fermat and Leadenhall increase AUM as other funds shrink
LGT, Fermat and Leadenhall were the only members of the top 10 ILS fund managers that were able to increase their assets under management (AUM) in the 12-month period to 30 September 2020, according to broker Aon.
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News
Lemonade to undertake secondary offering and issue three million shares
Lemonade expects to raise net proceeds of some $466.1mn from a secondary offering of three million shares, as the insurtech also unveiled preliminary fourth quarter 2020 results that show the renters carrier expects to post a net loss of $34mn to $37mn for the period.
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News
Former IIS CEO Morrissey named chair of Legeis Capital
Former president and CEO of the International Insurance Society (IIS) Michael Morrissey has been appointed chairman of asset manager Legeis Capital.
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News
WR Berkley to book $105mn gain on NYC office complex sale
WR Berkley will report a realized pre-tax net gain of around $105mn in its Q4 results to reflect the sale of an office complex in New York City that was part of its real estate investment portfolio.
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News
OCIL gets A- AM Best rating for new specialty platform
Oil Casualty Insurance (OCIL) has secured an A- financial strength rating and “a-” long-term issuer credit rating for the new Bermudian specialty carrier it is launching to write excess liability business in a move first revealed by The Insurer .
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News
Eiopa calls for “extreme caution and prudence” on dividend decisions
European insurers have been told to maintain “extreme caution and prudence” within capital management strategies by the region’s supervisory body, the European Insurance and Occupational Pensions Authority (Eiopa).
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News
The Hartford unveils $1.5bn share buyback plan
US insurer The Hartford is set to ramp up share buybacks over the next two years after announcing a $1.5bn repurchase programme to be completed by the end of 2022.
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News
Credit Suisse ILS vehicle exits will help drive reinsurance prices higher: Jefferies
The decision to cease underwriting at ILS vehicles Kelvin Re and Humboldt Re may reflect underlying industry pressure but will help drive prices higher for the reinsurance players that still have excess capital, according to an analyst at Jefferies.
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News
AFG declares $174mn special dividend
American Financial Group will pay out a one-time cash dividend of $2.00 a share in a move that will return $174mn of capital to shareholders but still leave plenty of headroom to support growth plans, according to the US insurer’s management.
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News
Ascot in $400mn debt issue to fuel growth opportunities
Ascot Group Limited has priced an offering of $400mn of senior notes as the CPPIB-backed (re)insurer targets growth in all of its main markets.
