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Insurance
Warren Buffett’s Berkshire Hathaway has teamed up with Amazon and JPMorgan Chase to form a new non-profit company aimed at improving healthcare options for their US workers, according to a Jan. 30 press release. 31 January 2018
Insurance
The new international accounting standard for insurance contracts from 2021, IFRS 17, could temporarily increase the cost of capital for European insurers, Fitch Ratings said in a Jan. 26 note. 29 January 2018
Insurance
Multi-line insurer Zurich Insurance group said on Oct. 19 that it expects aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the group’s property & casualty business, to be approximately $700 million net of reinsurance and before tax. 19 October 2017
Insurance
ARAG Legal Services (UK) is offering personal lines clients insurance to help limit the reputational damage caused by adverse publicity. 19 October 2017
Insurance
Willis Towers Watson claims to have completed the first blockchain transaction for marine insurance in a first for that sector. 6 June 2018
Insurance
The Everest Re CEO sees demand for reinsurance growing from large insurers driven by consolidation in the sector. 27 April 2018
Insurance
Reinsurance Group of America (RGA) reported a drop in net income to $100.2 million in the first quarter of 2018 compared to $145.5 million in the same period a year earlier. 27 April 2018
Insurance
Advent Claims, a division of Advent Insurance Management, has entered into a partnership agreement with pan-European claims specialist Van Ameyde to provide support after Brexit. 11 October 2017
Insurance
The total financial cost, including business interruption, of Storm Emma, which affected a large area of Europe during the second half of February, could reach hundreds of millions dollars – though the figure will very likely be higher, with a high volume of filed insurance claims reported. 9 March 2018
Insurance
Persistent drought and high temperatures that impacted Northern Europe will likely result in significant losses for local agricultural production, according to the latest Aon Benfield Weekly Cat Report. 20 July 2018
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