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Insurance
Both of Berkshire Hathaway’s reinsurance units shrank in the third quarter of 2016, a reflection of the competitive market conditions as the company stressed it is declining business where it believes the price is inadequate. 7 November 2016
Insurance
Lloyd’s of London is set to establish a branch in Mumbai in 2017 after receiving approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), allowing it to provide onshore reinsurance service in India. 7 November 2016
Insurance
A combination of automation of internal processes, gadget-driven insurance products and startups is set to transform the insurance business in the coming years, according to Torbjörn Magnusson, president & CEO of Nordic property/casualty insurance provider If P&C Insurance. 3 November 2016
Insurance
The deal between TransRe and Gen Re that will see the former help the latter access the broker markets in the US looks like a win-win for both parties—but the proof of this pudding may be in the eating. Mike Sapnar and Ken Brandt from TransRe explain to Intelligent Insurer how the deal will work, what it means for cedants and how they plan to avoid any pitfalls. 23 October 2016
Insurance
As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe. 13 October 2016
Insurance
Jon Hancock, the managing director of UK commercial at RSA, is set to join Lloyd’s as director of performance management. 10 September 2016
Insurance
While rates are showing signs of flattening out, the soft market is far from over and reinsurers are having to make tough choices on retaining market share versus protecting profits. Intelligent Insurer reports. 10 September 2016
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) and Tego Insurance (Tego) have entered into an underwriting agreement to provide medical indemnity insurance to medical practitioners in Australia. 16 August 2016
Insurance
While rates are showing signs of flattening out, the soft market is far from over and reinsurers are having to make tough choices on retaining market share versus protecting profits. Intelligent Insurer reports. 16 August 2016
Insurance
While Berkshire Hathaway’s primary insurance businesses experienced substantial growth in the second quarter of 2016 its reinsurance businesses shrank, the company blaming high capacity and intense competition in the sector. 8 August 2016
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