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Australia’s QBE Insurance Group plans to invest up to A$50 million ($37 million) in insurtech companies in 2017, according to AM Best’s May 16 Asia-Pacific Weekly. 16 May 2017
Insurance
Swiss Re has announced that its share buy-back programme of up to one billion Swiss Francs (£660 million) will start on 12 November 2015. The programme, announced on 29 October 2015 and authorised by the firm’s annual general meeting on 21 April 2015, will run until 2 March 2016 at the latest. 11 November 2015
Insurance
Lloyd’s re/insurance broker RFIB Group said on Oct. 30 that it has launched RFIB (Singapore). The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, according to the statement. 30 October 2017
Insurance
Berkshire Hathaway Specialty Insurance boosted premium volumes by 40 percent in 2016 to $1.3 billion. 27 February 2017
Insurance
Maiden Holdings is in advanced discussions regarding the sale of its wholly-owned subsidiary, Maiden Reinsurance North America (MRNA) to a third party. 30 August 2018
Insurance
It is a clear growth opportunity for reinsurers, but flood risk also represents a very difficult challenge for reinsurers to model and price accurately, says Jeremy Walker, reinsurance underwriter at Tokio Marine Kiln. 16 November 2017
Insurance
Structured reinsurance solutions drove impressive growth at Hannover Re across the first nine months of the year as it also confirmed that it anticipates a profit of more than €1 billion this year, even making allowance for a one-time charge from its life and health reinsurance business. But its CEO also warned on what he called sustained intense competition. 8 November 2018
Insurance
Zurich Insurance Group posted a stable set of results for the first nine months of the year with its life business and Farmers Exchanges performing well though its CFO warned on the challenging environment it is seeing on the property/casualty side of things. 8 November 2018
Insurance
Property and casualty insurer Chubb has promoted Chris Savvas as head of professional indemnity UK and Ireland to further develop its financial lines and PI capabilities. 3 August 2017
Insurance
Lemonade, an artificial intelligence-focused insurtech company, has launched its homeowners and renters insurance insurance offering throughout the Garden State. 3 August 2017
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