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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
Insurance
Aon has appointed James Platt as chief operating officer (COO) of Aon Risk Solutions, and Michael Moran as CEO of Aon Inpoint. 20 January 2017
Insurance
Crawford & Company, a provider of claims management solutions, has appointed Kenneth Tolson as the chief executive officer (CEO) of its US property/casualty group. 20 January 2017
Insurance
Private US property/casualty insurers suffered a $1.7 billion net underwriting loss in the first nine months of 2016-following a $7.3 billion net underwriting gain in nine-months 2015, according to ISO, a Verisk Analytics business, and the Property Casualty Insurers Association of America (PCI). 20 January 2017
Insurance
Allied World’s ‘go-shop’period, a period where it actively solicited 31 potentially interested parties for its acquisition, has expired, meaning that it will be acquired by Fairfax Financial. 19 January 2017
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