News
Insurance
E-commerce giant Amazon has led a $12 million funding round in Acko Technologies, which owns online general insurance provider Acko General Insurance, according to media reports. 29 May 2018
Insurance
The ruling could cost insurers more than £1bn according to some estimates. 15 January 2021
Insurance
Re/insurance legacy specialist Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz Versicherungs for an undisclosed sum. 16 November 2017
Insurance
Washington is following New York in banning the sale of insurance policies branded by the National Rifle Association (NRA) while fining two companies involved in underwriting and selling them in the state. 17 January 2019
Insurance
Catastrophe losses stemming mainly from the three the hurricanes and wildfires that hit the US last year cost Berkshire Hathaway some $3 billion and led to heavy underwriting losses in its re/insurance units. But Warren Buffett, the company’s chairman, was quick to stress that such years are rare and prior to 2017 the company had recorded 14 consecutive years of underwriting profits. 26 February 2018
Insurance
Dutch firm EXIN Financial Services Holding said on June 29 that it acquired a 75 percent stake in insurer Ethniki Hellenic General Insurance from the National Bank of Greece (NBG) for €718 million. 29 June 2017
Insurance
The World Bank (International Bank for Reconstruction and Development) has launched bonds that will support the Pandemic Emergency Financing Facility (PEF), which will channel first-response surge funding to developing countries facing the risk of a pandemic. 29 June 2017
Insurance
Allied World Assurance Company Holdings has appointed Iain MacLeod as senior vice president, country manager for Australia. 6 December 2017
Insurance
Liberty Mutual Holding Company (LMHC) has seen its net income fall by $989 million year on year to $17 million. 27 February 2018
Insurance
Maximum sustained winds from Hurricane Michael have increased to near 130 mph (210 km/h) with higher gusts, making Michael a category 4 hurricane as it moves towards Florida, according to the National Hurricane Center (NHC). 10 October 2018
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