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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
Insurer Chubb has appointed Ignacio Borja, most recently president and CEO at Allianz Seguros Colombia, as country president, Spain and Portugal (Iberia). 31 January 2018
Alternative Risk Transfer
Nephila Holdings is expanding its weather and ESG-driven business with the launch of a new specialty division, Nephila Climate (NCx). 31 January 2018
Insurance
The rapid growth of cyber threats has created challenges for the insurance industry in developing underwriting talent, acquiring claims data, establishing modelling techniques and securing reinsurance capacity, according to the International Underwriting Association of London (IUA). 31 January 2018
Insurance
Bermuda-based Monument Re has acquired the full ownership of Aspecta Assurance International Luxembourg, a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain, according to a Jan. 30 press release. 31 January 2018
Insurance
Bermuda-based Enstar Group, through its Lloyd’s managing agency StarStone Underwriting, has finalised a reinsurance-to-close transaction with AXIS Managing Agency for Novae's £840 million legacy business portfolio, according to a Jan. 29 press release. 29 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
Alternative Risk Transfer
The fourth quarter of 2017 saw considerable loss activity across all insurance-linked securities (ILS) investments with a preliminary estimate of $630 million in cat bond principal losses including hurricane, earthquake, and wildfire activity, according to a Willis Towers Watson Securities report. 29 January 2018
Alternative Risk Transfer
Risk management provider Artex has launched a new office in Singapore to oversee the growth and development of its Asia Pacific captive and risk solutions strategy. 29 January 2018
Insurance
QBE Business Insurance has appointed Maths Stanser as market manager for the Nordics to drive growth in the region. 29 January 2018
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