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Insurance
Specialty re/insurer Brit reported a profit after tax of $157.6 million compared to $15.6 million in 2015 despite experiencing further rate deterioration. 17 February 2017
Insurance
Canada-based Fairfax Financial Holdings has announced that it made a net loss of $512.5 million for 2016, down substantially from the $567.7 million net profit it made the year before. 17 February 2017
News
Validus Reinsurance, Switzerland has appointed Florian Lutz as senior vice president and senior underwriter. Lutz has over 20 years of re/insurance experience in both property and specialty lines, most recently with Axis Re in Zurich. 5 February 2014
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
Clavis Re, a start-up underwriting platform formed in Zurich, Switzerland, has secured the backing of Chaucer Syndicates to launch a new specialty coverholder business at Lloyd’s. 27 March 2014
Insurance
Aspen US Insurance, part of the insurance segment of Aspen Insurance, has appointed David Adamczyk as executive vice president, rail, Aspen Insurance, effective November 30, 2015. 17 November 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
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
XL Catlin has appointed Dan Riordan as president of global political risk and trade credit (PRTC). 21 April 2016
Insurance
Kinetic Insurance Brokers has made a series of board appointments following its acquisition by the Torlea Group. 24 October 2016
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