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US faces costliest winter weather season since 2011

January’s extreme weather in the US will cost the industry over $1.5 billion in insured losses according to a monthly catastrophe report from Impact Forecasting. 7 February 2014

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Montpelier Re focuses on preferred signings

Montpelier achieved a combined ratio of 39 percent during the fourth quarter of 2013 thanks to a benign catastrophe year and in spite of headwinds associated with rising competition. 7 February 2014

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Endurance holds strong against a backdrop of change

Group-wide gross premiums written increased 4.6 percent to $2,665.2 million and the company reports a combined ratio of 90.2 percent. 7 February 2014

article

Marsh: global insurance rates declined in Q4

Global insurance pricing trended downwards except in the US during the fourth quarter of 2013, with the average price falling by between 5 and 10 percent, according to Marsh. 6 February 2014

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ACE appoints chief underwriter for Asia Pacific

Neil Moon will be responsible for a broad range of underwriting disciplines. 6 February 2014

article

Hiscox broker facility negotiations a sign of strength

Hiscox has outperformed its Lloyd’s peers in terms of underwriting strength and willingness to return capital to shareholders, while its ongoing negotiations with Willis 360 regarding its broker facility suggest a position of strength. 6 February 2014

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Blue Capital deploys 90 percent of capacity in first month of 2014

The majority of capital was deployed to first event cover and catastrophe quota share. 6 February 2014

article

PCS: frequency during benign cat season underlines threat

Despite 2013 being a benign catastrophe season for the US market in terms of losses, the frequency of events suggests that the industry should remain vigilant. 5 February 2014

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RenRe boosts profits despite increased competition

RenaissanceRe reports a 15 percent increase in net income in 2013 making $665.7 million compared with $566 million in 2012. 5 February 2014

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Low cat losses boost AXIS profits for ‘entrepreneurial’ year

The company reports a net profit of $684 million compared with $495 million in 2012, an increase of some 38 percent. 5 February 2014

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