News

Insurance

Berkshire Hathaway 2018 results show P&C growth as Buffett criticises GAAP

Berkshire Hathaway stayed in the black in 2018 helped by its P&C and life and health insurance divisions, but its profits were hit by new accountancy rules that Warren Buffett, its chairman, criticised.   25 February 2019

Reinsurance

Millers’ acquisition by Cinven and GIC will fuel significant growth

Top executives from reinsurance broker Miller, CEO Greg Collins and executive chairman Ken MacDonald, outlined the reasons behind its recent acquisition by Cinven and GIC, and how this will support its plans for expansion.   1 December 2020

Insurance

Willis acquires stake in Indian broker Almondz to target Asia

Broker Willis Towers Watson has expanded its insurance broking capabilities in India by acquiring a 49 percent stake in Almondz Insurance Brokers.   10 July 2017

Insurance

Antares poaches RSA exec for marine underwriter role

Antares, a managing agent at Lloyd’s and a member of the QIC Group, has appointed Daniel Sanchez as marine hull underwriter, reporting to John Potter, marine hull, energy and liability account manager.   2 March 2016

Insurance

Protection gap in cyber, health more acute than in nat cat

The protection shortfalls in cyber and healthcare risks are more dramatic than for natural catastrophe risk, according to the study “Understanding and Addressing Global Insurance Protection Gaps” released by The Geneva Association.   10 April 2018

Insurance

MetLife partners with Steadfast in Australia

US insurer MetLife Insurance has partnered with Steadfast, the largest network of general insurance brokers in Australasia, to extend MetLife’s group life cover.   3 November 2014

Insurance

Multi-year contracts are a bad idea, warns reinsurance buyer

In a softening market, it is detrimental for both sides to take out a multi-year contract, according a senior reinsurance buyer.   10 March 2015

News

Everest Re announces executive changes

Everest Re, the Bermuda-based holding company, has made a number of senior appointments.   31 March 2016

Insurance

Arch increases limits on contract binding coverage

Arch Insurance Group has launched an increased limits product of up to $5 million on its general liability coverage in the newly-formed contract binding operations.   26 September 2013

Insurance

Former insurance agents sentenced to combined 10yrs in prison in California

Two former insurance agents were sentenced to a combined 10 years in prison in California after being found guilty of a life insurance scheme.   2 August 2018

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