Articles

Insurance

Buffett warns on cyber risks

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

Sompo advances European expansion with Luxembourg unit

Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has completed the integration of Sompo Japan Nipponkoa Insurance Company of Europe (SJNKE) on May 1 with SJNKE becoming a wholly-owned subsidiary of SIH.   8 May 2018

Insurance

Ted Blanch returns with cat-focused broker COIN Re

Industry veteran Ted Blanch has returned to the market with a new venture, a new Florida-focused broker, which he claims will disrupt catastrophe reinsurance with lowered costs and a radically different ownership model.   28 October 2018

Insurance

Neon unveils new contingency offering with Barents Re hire

Specialist Lloyd's insurer Neon has launched a new contingency offering with the hiring of Barents Re executive Jeremy Cooke as contingency underwriter.   10 April 2018

Insurance

Markel taps Guy Carpenter exec for new ceded reinsurance head role

Specialty insurer Markel Corporation has appointed Julia Chu to the newly-created position of chief global ceded reinsurance officer.   14 March 2018

Insurance

QBE unveils A$200m cost cutting programme

Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021.   11 December 2018

Insurance

QBE boosts cat reinsurance protection

Australia-based QBE has reduced catastrophe retention and increased protection against catastrophe severity in its 2019 reinsurance programme.   11 December 2018

Insurance

WR Berkley makes senior changes in units

WR Berkley has appointed Scott Barraclough, the president of excess and surplus lines player Admiral Insurance, as chief executive officer of Berkley Public Entity (BPE), a Berkley Company that specialises in public entities and intergovernmental pools or trusts.   26 October 2018

Insurance

Brexit stockpiling creates trade credit insurance shortfall risk

Suppliers are at risk of having insufficient trade credit insurance as some British firms, such as retailers and manufacturers, stockpile goods amid mounting concerns of a no-deal Brexit, according to Marsh, an insurance broking and risk management solutions provider.   25 October 2018

Insurance

XL Catlin unveils ‘game-changing’ aerospace offering

Re/insurer XL Catlin has launched a new space insurance coverage for satellite owners, manufacturers and launch providers that it claims will be a game changer for the aerospace industry.   7 September 2018

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