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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
Crawford & Company, a provider of claims management solutions, has appointed Geoff Piggot the new chief executive officer (CEO) of its global technical services (GTS) division. 18 January 2017
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has received the license from Labuan FSA to offer non-life reinsurance in Malaysia. 17 January 2017
Insurance
The professional liability sector of the property/casualty (P/C) insurance market remained dynamic through the end of 2016, with financial markets, economic, legal, and labour trends, in addition to social media concerns, among the numerous factors influencing the sector, according to a report by AM Best. 12 January 2017
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has introduced inland and ocean marine insurance in Canada with the appointment of Gord Rider as senior marine underwriter. 11 January 2017
Insurance
Insurance Australia Group (IAG) has renewed its catastrophe reinsurance programme for 2017 at a similar size to previous years but it has added an additional multi-year dimension to the coverage. 4 January 2017
Insurance
The Hartford has completed a $1.5 billion excess-of-loss reinsurance deal with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, which covers its asbestos and environmental liability exposures. 4 January 2017
Insurance
As India opens its market to international reinsurers, the Insurance Regulatory and Development Authority of India (IRDAI) expects foreign reinsurers to secure final clearance to open branches soon and several to be operational within six to nine months. 20 December 2016
Insurance
The CEO of Canada-based Fairfax Financial has cited the influence of incoming US president Donald Trump as being a driver for it buying Allied World Assurance Company in a $4.9 billion deal announced December 19. 19 December 2016
Insurance
The competitive landscape for reinsurance in China and India are changing significantly through the introduction of a new regulatory regime and the liberalisation of the market, said S&P Global Ratings. 24 November 2016
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