Berkshire's BHSI adds automatic reinstatement to Asia D&O amid "targeted and aggressive" regulatory environment
Berkshire Hathaway Specialty Insurance (BHSI), a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway, has added automatic reinstatement provision to its executive first directors & officers (D&O) liability insurance offering in Asia.
Specialist insurer QBE North America has appointed Eric Sanders as head of claims.
US insurer FedNat Holding Company has secured regulator approval to close the acquisition of Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal.
US insurance brokerage and risk management firm has appointed Darren Black to lead its national professional liability practice group.
Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed Ilan Peress as vice president, representations and warranty insurance underwriter.
Bermuda-based re/insurer Maiden Holdings' losses almost tripled in the second quarter of 2019 compared to a year ago despite numerous strategic measures to strengthen its capital position and speed up recovery.
Re/insurance broker Aon has advised HSBC Bermuda on a recently completed £7 billion longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA), said to be the second largest ever deal of its type.
Swiss Re to set up new Ivory Coast reinsurance underwriting office to expand in Middle East and Africa
Global reinsurer Swiss Re is establishing an underwriting office in Abidjan, Ivory Coast to expand its services in the Middle East and Africa region. The office is expected to be fully operational by 1 October 2019.
Specialist re/insurance marketplace Lloyd's of London saw a significant increase in the use of placing platform PPL during the second quarter of 2019 with more than half of its in scope risks placed electronically. PPL board chair Bronek Masojada said the market has "genuinely adopted" e-placements and he hopes to achieve the same success in submission rates.
Globe Underwriting, the UK based managing general agent, has appointed Peter Rossell as head of engineering underwriting.