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3rd August 2014

Newslink Opinion: Weekly Insurance Global Analysis
Opinion

This week, second quarter and half year financials rolled in. Arch Capital, Axis Capital, Berkshire Hathaway, HCC, Hiscox, Montpelier Re, RenRe, White Mountains, SCOR, and XL Group led the way-Endurance Specialty, who dropped its bid for Aspen, reports on Tuesday. European majors AXA and Generali produced strong returns, Direct Line was bullish and emphasized telematics, whilst Allstate, ERS, and LV= also reported. Gallagher, JLT, Marsh Mac and Willis indicated the trends for the large brokers.
Gallagher acquired again in the US, and Markel applied to join the Lloyd's platform in Dubai.
On the regulatory front, EIOPA published a paper to support the application of Solvency II Preparation Guidelines on FLAOR, and announced that the European-US insurance project Way Forward document has been updated and an event will be held. The China insurance regulator(CIRC) issued draft rules on consolidation supervision of insurance groups, and the ABI commented on a Bank of England report on UK life company and pension funds investment trends. Lloyd's Market Association(LMA) said that CMA proposals for the reform of the UK motor market did not go far enough.
Standard & Poor's is to publish a detailed report on its perspective of the global reinsurance market to coincide with the annual Monte Carlo Rendez-Vous next month.
SunGard released on interesting survey on the progress of business intelligence development which included the insurance and financial services sector, and 4Sight Business Intelligence issued a new release for p&c insurers. The London Market Group(LMG) announced the next steps in broker interaction with London Market central services. The Hartford chose Guidewire's PolicyCentre solution, Lancashire went live with Sequel's risk exposure and aggregation product, and Xchanging reported financials and predicted that recent insurance software acquisitions would generate growth and profit next year. Wunelli and SSP are working together to spread the use of telematics in Australia and New Zealand, and Towergate selected Earnix to enhance customer analytics and pricing management.
Articles on the above topics are included in those added to the Insurance Newslink and Financial Newslink global database service on Wednesday and today at www.onlystrategic.com