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Berkshire Hathaway became the world's third-largest reinsurer in 2017 driven by the $10.2 billion American International Group (AIG) deal, pushing Hannover Re and SCOR to fourth and fifth place, respectively, according to S&P Global Market Intelligence. 29 May 2018
News
Insurtech firms have been transforming the personal lines business by delivering new applications and products for clients. But now it’s time for new technology to upgrade the commercial side of the insurance business, as Trevor Maynard, Lloyd’s head of Innovation, commercial, suggested to Intelligent Insurer. 25 May 2018
Insurance
The UK government is keen to attract insurtech firms to London and create an environment where they can thrive as part of its plan to keep the city a global insurance hub. 25 May 2018
Insurance
Global re/insurer MS Amlin has appointed a new chief operating officer (COO) and chief people officer as new CEO Simon Beale repositions the business for the long term. 24 May 2018
Insurance
Specialty re/insurer Canopius has appointed Stephan Ott as its new head for Continental Europe, reinsurance. 24 May 2018
Insurance
French insurer AXA and car-hailing app Uber have partnered to offer benefits to all Uber’s independent partner drivers and couriers in Europe. 23 May 2018
Insurance
Taking into consideration a Deutsche Bank valuation of AmTrust Financial Services, the insurer’s shares should be worth between $26.06 and $31.86, and not the $13.50 that is being offered to take the company private, billionaire investor Carl Icahn argued in a May 23 presentation. 23 May 2018
Insurance
Millstream Underwriting, part of specialty managing general agent Nexus Group has become an approved Lloyd’s coverholder. 23 May 2018
Insurance
AmTrust Financial Services is trying to persuade investors opposing the deal to take the insurer private in a May 22 presentation, stressing the attractive offer price for the shares which if accepted frees shareholders from significant risks reflected in the share price performance. 23 May 2018
Insurance
Specialist re/insurance market Lloyd’s of London has received licence approval from the National Bank of Belgium for its EU subsidiary Lloyd’s Insurance Company. 23 May 2018
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