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Insurance
Hong Kong-based Peak Reinsurance Company’s premium income increased by 20 percent year-on-year in 2016 with a barely changed combined ratio but net profit was hit by lower investment returns. 3 April 2017
Insurance
Zurich-based Echo Reinsurance, which is owned by German mutual insurance group DEVK, has said it plans to expand into Latin America in order to further enhance and diversify its portfolio. 23 April 2014
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
Kinetic Insurance Brokers has made a series of board appointments following its acquisition by the Torlea Group. 24 October 2016
Insurance
Bermuda-based re/insurer Argo has appointed Alex Hindson as chief risk officer. 2 September 2015
Technology
Israel is one of the most technology-driven economies in the world, with innovation at the heart of its business culture, and it is poised to become the global hub for insurtech innovation. Intelligent Insurer investigates. 5 July 2019
News
Tokio Millennium Re has appointed Andreas Kull as chief risk officer (CRO) and member of the Executive Committee of TMR. 1 April 2016
Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
Significant flaws exist in in the formula used to calculate the risk margin under Solvency II and a fundamental review of its methodology and calibration is required, Willis Towers Watson has claimed in a response to a European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on the upcoming review of Solvency II. 16 March 2017
Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
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