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Insurance
Profitability will remain under pressure for Bermuda reinsurers following a trying 2017, though the collective strength of the sector should remain largely intact, according to Fitch Ratings' latest peer review of the sector. 8 May 2018
Insurance
US-based insurance and financial services provider Nationwide has made a strategic venture capital investment in Betterview, a software platform and service provider for capturing and analysing data from drones. 8 May 2018
Insurance
Innovative Coverage Concepts (ICC), a wholesale broker and managing general agency (MGA), has appointed Joe Chamberlain as chief operating officer. 8 May 2018
Insurance
Malaysian Reinsurance Berhad (Malaysian Re), a wholly owned subsidiary of MNRB Holdings Berhad, has licensed AIR Worldwide’s catastrophe risk modelling platform for portfolio management and managing new risks. 8 May 2018
Insurance
Warren Buffett said he doesn’t want Berkshire Hathaway being a leader on cyber insurance because neither he nor others in the industry really know the risk, according to a May 5 Bloomberg News report. 8 May 2018
Insurance
American International Group (AIG) reported a drop in net income to $938 million in the first quarter of 2018 from $1.2 billion in the same period a year ago as natural catastrophes impacted the results. 3 May 2018
Insurance
American International Group is not expected to report large reserve charges when it posts 2018 first quarter results on May 2 despite a differing liability assessment with Berkshire Hathaway, according to Morgan Stanley analysts. 1 May 2018
Insurance
Improved insurance underwriting and lower tax rate are expected to boost Berkshire Hathaway’s operating income in the first quarter of 2018, according to Morgan Stanley analysts. 24 April 2018
Insurance
Bermuda-based Catalina Holdings has, through its wholly-owned subsidiary Catalina General Insurance, assumed a portfolio of US property & casualty liabilities in runoff from Arch Reinsurance with net outstanding reserve of approximately $410 million. 24 April 2018
Insurance
Windward, an Israel-based maritime risk analytics startup has appointed former BP CEO Lord Browne of Madingley to its board of directors. 24 April 2018
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