News
Insurance
Australia headquartered QBE has reported a net loss of $1.25 billion for 2017 driven by record catastrophes in the second half of 2017 together with deterioration in its emerging markets businesses and two significant non-cash items. 26 February 2018
Insurance
Swiss Re CEO Christian Mumenthaler hinted at the benefits of a potential deal that would see Japan’s SoftBank acquiring a stake in the reinsurer during the full-year 2017 results presentation. 26 February 2018
Insurance
Berkshire Hathaway has increased the estimated claim liabilities under a major reinsurance contract with American International Group (AIG) by approximately $1.8 billion. 26 February 2018
Insurance
Singapore-based insurtech UEX has raised S$1.3 million (approximately $1 million) of funding from French insurance broker Verspieren to strengthen its presence in the Singaporean market. 26 February 2018
Insurance
Insurance broker Lockton has appointed Mark Moitoso to lead its risk practices organisation, supporting the insurance broker’s property/casualty clients. 26 February 2018
Insurance
The Chinese government seized control of Anbang Insurance Group and said its chairman had been prosecuted, according to a Reuters Feb. 23 report. 23 February 2018
Insurance
Standard Life Aberdeen is selling its insurance business to UK-based insurance services provider Phoenix Group for a total consideration of £3.24 billion. 23 February 2018
Insurance
Munich Re’s Digital Partners has entered into a long-term strategic partnership with insurtech home insurer Buzzvault, according to a Feb. 20 press release. 20 February 2018
Insurance
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, has reorganized its underwriting team. 20 February 2018
Insurance
Insurance broker Lockton has appointed three industry experts to its high net worth Signature Client Group, according to a Feb. 19 press release. 20 February 2018
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