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Insurance
Zurich has re-organised and re-branded its new North America commercial insurance unit with immediate effect to "simplify structure" and provide a single point of entry for commercial customers. 25 January 2017
Insurance
Munich Reinsurance America (Munich Re, US) has created a key strategic position in its reinsurance division to help clients seize opportunities resulting from the rapidly developing field of insurtech. 24 January 2017
Insurance
There were some signs of the influx of capital into the industry easing in the year-end renewals while demand for reinsurance also increased slightly, according to a report by JLT Re called its ‘In the Balance’ Renewal Retrospective Report’. 24 January 2017
Insurance
Beecher Carlson Insurance Services, the specialised large account subsidiary of Brown & Brown, has made several leadership promotions in its energy practice. 24 January 2017
Insurance
Verisk Analytics, a data analytics provider that also owns AIR Worldwide, has acquired specialist risk modelling company Arium. 23 January 2017
Insurance
Broker Aon has appointed Jay Sharma in its risk management unit Aon Risk Solutions, and Tom Terragno in Aon Hewitt, the global talent, retirement and health solutions business. 23 January 2017
Insurance
American International Group’s (AIG) $9.8 billion reinsurance deal with Berkshire Hathaway covering US commercial long-tail exposures for accident years 2015 and prior comes at a “significant” cost for AIG but should offer improved earnings stability, according to analysts at CreditSights. 23 January 2017
Insurance
If ultimate losses remain unchanged, Berkshire Hathaway will net a gain of around $2.6 billion plus the float in its $9.8 billion US casualty reinsurance agreement with American International Group (AIG), analysts at CreditSights writing in a January 20 note. 23 January 2017
Insurance
American International Group (AIG) entered into an adverse development reinsurance agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway. 20 January 2017
Insurance
WR Berkley Corporation has made three key executive appointments in its insurance risk and underwriting divisions with immediate effect. 20 January 2017
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