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Insurance
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired UK-based insurtech Business Insight. 28 February 2018
Insurance
Allianz Group’s digital investment unit Allianz X has invested $30 million in fintech firm C2FO that connects buyers and suppliers of goods and services with working capital funding needs. 27 February 2018
Insurance
Liberty Mutual Holding Company (LMHC) has seen its net income fall by $989 million year on year to $17 million. 27 February 2018
Insurance
Willis Towers Watson has developed a new cyber insurance solution in cooperation with Berkley Cyber Risk Solutions, a Berkley Company, to help the aviation industry manage cyber risk. 27 February 2018
Insurance
Warren Buffett’s Berkshire Hathaway, which owns substantial insurance and reinsurance operations, posted record quarterly and annual results for 2017 – mainly fuelled by the big cuts to US corporate income tax, signed in by President Donald Trump last year. 26 February 2018
Insurance
Argo Pro, a subsidiary of specialty re/insurer Argo Group, has partnered with digital insurance solutions provider eBaoTech Corporation to streamline its core insurance processes. 26 February 2018
Insurance
Catastrophe losses stemming mainly from the three the hurricanes and wildfires that hit the US last year cost Berkshire Hathaway some $3 billion and led to heavy underwriting losses in its re/insurance units. But Warren Buffett, the company’s chairman, was quick to stress that such years are rare and prior to 2017 the company had recorded 14 consecutive years of underwriting profits. 26 February 2018
Insurance
Specialist insurer Hiscox has grown its retail business, helping to stabilize its 2017 results. 26 February 2018
Insurance
Berkshire Hathaway has increased the estimated claim liabilities under a major reinsurance contract with American International Group (AIG) by approximately $1.8 billion. 26 February 2018
Insurance
Insurance broker Lockton has appointed Mark Moitoso to lead its risk practices organisation, supporting the insurance broker’s property/casualty clients. 26 February 2018
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