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Profits at Hannover Re crept slightly higher in the first quarter of 2014 driven by the strong performance of its non-life reinsurance operation. But its CEO warned on what he called a challenging business environment. 7 May 2014
Insurance
ACE Group has appointed Adi Darmaputra as accident & health and bancassurance director for its general insurance operations in Indonesia. 7 May 2014
Insurance
Fluctuations in the profitably of its reinsurance businesses contributed to a drop in earnings at Berkshire Hathaway’s first quarter results. Its unit Berkshire Hathaway Reinsurance Group in particular saw a severe fall in its pre-tax profits due to fluctuations in currency exchange rates and one off deals in the first quarter last year. 6 May 2014
Insurance
Insurer QBE has appointed Malc Simpkin, formerly of Aviva, as chief information officer (CIO).He will report to Joe Gordon, chief operations officer. 6 May 2014
News
Boosted by its recent acquisition of Generali, French reinsurer SCOR posted substantial growth in the first quarter of 2014 with its gross written premiums (GWP) hitting €2.6 billion, up 14.8 percent at constant exchange rates. 6 May 2014
Reinsurance
RGA Reinsurance has named Michael Casale as vice president, product management for automated underwriting and risk analysis (AURA), RGA’s electronic underwriting solution. 2 May 2014
Insurance
Markel International, the specialist insurer, has appointed Gabrielle Folliard, formerly of Beazley Group, as claims manager for its professional and financial risks division. 2 May 2014
News
Munich Re shareholders have approved a €1.25 billion shareholder payout following the company’s third highest annual result of €3.3 billion in 2013. 1 May 2014
Insurance
Risk and insurance managers of multinational businesses must assess how they insure cross-border environmental impairment liability risks as the exposures they face continuously change, according to ACE. 1 May 2014
Insurance
The Reinsurance Association of America (RAA) has elected Tad Montross, president and chief executive officer, General Reinsurance, as chair of the board of directors. 1 May 2014
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