trending Market Intelligence /marketintelligence/en/news-insights/trending/hhA8IkczSUw2PaTToRkPPw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Genworth Financial moving with 'sense of urgency' on turnaround; global reinsurance capital declines

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Genworth Financial moving with 'sense of urgency' on turnaround; global reinsurance capital declines

Inthe news

GenworthFinancial Inc. President and CEO Thomas McInerney said in an annualletter to shareholders that the insurer is movingwith "a sense of urgency to rebuild shareholder value" after"another very challenging year" for the insurer.

"We were very disappointed with the largedecrease in our share price in 2015, and we continue to focus on improving ouroperating and financial performance to rebuild shareholder value," the CEOsaid.


Travelers Cos. Inc. CEO Alan Schnitzer's remarksin his first annual letter to shareholders regarding U.S.corporate taxes echoed the views of predecessor Jay Fishman, Bloomberg Newsreported. The CEO said the U.S. corporate income tax rate, which he noted as"the highest of any industrialized nation," continues to pushinsurers to transfer capital offshore, harming the U.S. economy.

"Ensuring that U.S. companies remain competitiveshould be a priority for Congress," Schnitzer said.


Total globalreinsurer capital, comprising capital both from the traditional andalternative markets, reached $565 billion at Dec. 31, 2015, down 2% comparedwith 2014, according to the latest Aon Benfield Aggregate report. Traditionalreinsurance capital dropped by 4% to $493 billion due to the strengthening ofthe U.S. dollar and the impact of rising interest rates on bond valuations.Alternative capital grew 12% to $72 billion. Aon Benfield is part of .

The catastrophe bond and insurance-linked securitiesmarket saw about $2.22 billion of newrisk capital from 10 transactions in the first quarter, ending the quarterwith about $26.52 billion of outstanding market capacity, according to Artemis'first-quarter cat bond and ILS market report.


Fitch Ratings said U.S. P&C insurer financialleverage climbedslightly to 22.4% in 2015 from 21.6% in 2014 as growth in borrowings morethan outpaced internal capital growth. Operating fixed-charge coverage droppedto 7.9x in 2015, compared with 9.1x in 2015.


Independence Holding Co. said it is with the New York StockExchange's listing requirements because it has delayed the filing of its Form10-K.


The Florida Office of Insurance Regulation the removal of up to19,535 personal residential policies from Citizens Property Insurance Corp. for the June 21take-out period.


AmericanInternational Group Inc.'s life subsidiaries registeredconsiderable gains in the U.S. annuity market in 2015, a year in which managingexposure to variable annuities with guarantees and sales from qualifiedaccounts remained a priority for a number of annuity providers.

The U.S. life industry recorded a modest 0.76%increase in ordinary individual annuity considerations, while growth inindustrywide group annuity considerations was higher at 6.11%. Overall,industry annuity considerations grew 2.74% to $333.16 billion in 2015,according to an analysis of statutory data.


In deal news, USI Insurance Services boughtTerra Haute, Ind.-based Forrest Sherer Insurance, the Tribune Star reported.

Confie announced its acquisitionof Springfield, Mass.-based Axiom Insurance Agency.


Ohio Bureau of Workers Compensation Administrator andCEO SteveBuehrer is departing from the state government for the private sector.


S&P Global Market Intelligence presents on what's driving thediscussion at the NAIC's Spring National Meeting.

Inother parts of the world

U.K. banks face at least a further £22 billion incompensation for payment protection insurance mis-selling, the Financial Times reported.Data from the U.K. Financial Conduct Authority showed that nearly half of the£23 billion paid out so far by the lenders represents interest only.

With no sign of a tightening in European monetary policy,low investment yields will continue to put pressure on German life insurers, many of whom soldovergenerous life policies even as signs were emerging that the Europeaneconomy was entering a prolonged period of depressed interest rates.

Chilean securities and insurance regulator SVS said it createda norm to strengthenthe risk management and internal controls of insurance companies. The new rulesrequire the boards of insurance firms to formalize the definition of thecompany's risk appetite, among other requirements.

Theday ahead

Early morning futures indicators pointed to a higheropening for the U.S. market. In Asia, the Hang Seng dropped 1.34% to 20,498.92,and the Nikkei 225 fell 0.25% to 16,123.27.

In Europe, as of midday, the FTSE 100 was up 0.76% to6,192.99, and the Euronext 100 increased 0.95% to 862.15.

Onthe macro front

The factory orders report is due out today.