Articles
Insurance
Aon CEO Gregory Case expects new regulation to more than double reported cyber losses. 9 May 2018
Insurance
American International Group (AIG) had a disappointing start to 2018 as results missed expectations and caused the share price to dive, but CEO Brian Duperreault promised during the May 3 first quarter 2018 results call that the company is on track to address the issues in general insurance and deliver double-digit return on equity (ROE). 9 May 2018
Insurance
Zurich Insurance Group has seen growth in its property/casualty (P&C) business in Latin America and Asia Pacific, but this expansion was offset by actions focusing on profitability in North America. 9 May 2018
Insurance
President Donald Trump has approved a major disaster declaration for the damage incurred by severe storms, flooding, landslides and mudslides between April 13 -16, 2018 on the Hawaiian islands of Kauai and Oahu. 9 May 2018
Insurance
Berkshire Hathaway has reduced net earned premium in its re/insurance operations by 38.5 percent year on year to $13.37 billion in the first quarter of 2018 driven by the Berkshire Hathaway Reinsurance Group unit, according to KBW research. 8 May 2018
Insurance
US-based insurance and financial services provider Nationwide has made a strategic venture capital investment in Betterview, a software platform and service provider for capturing and analysing data from drones. 8 May 2018
Insurance
Innovative Coverage Concepts (ICC), a wholesale broker and managing general agency (MGA), has appointed Joe Chamberlain as chief operating officer. 8 May 2018
Insurance
The New York State Department of Financial Services (DFS) has fined Chubb and Lockton a combined $8.3 million for underwriting an NRA- (National Rifle Association) branded insurance programme. 8 May 2018
Insurance
Warren Buffett said he doesn’t want Berkshire Hathaway being a leader on cyber insurance because neither he nor others in the industry really know the risk, according to a May 5 Bloomberg News report. 8 May 2018
Insurance
Fairfax Insurance Holdings, the re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, posted stellar growth and big profits in the first quarter of 2018 though its growth was largely due to premiums from Allied World, which it acquired in July last year, being added for the first time. 4 May 2018
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