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Insurance
Berkshire Hathaway has registered an underwriting loss for its insurance operations as the retroactive reinsurance agreement with AIG weighs on results. 7 August 2017
Insurance
The new UK insurance group The Ardonagh Group which combines Towergate, Autonet, Chase Templeton, Ryan Direct and Price Forbes may be sold or listed on the stock exchange, the CEO reportedly told The Telegraph in an Aug. 6 report. 7 August 2017
Insurance
Specialist insurer Markel International has appointed Alex Holcroft as political risk underwriter in Singapore. 7 August 2017
Insurance
Blenheim, managed by Asta, has appointed John Cutts to develop a specialty reinsurance division within its Syndicate 5886 at Lloyd's. 7 August 2017
Insurance
US property/casualty insurer Travelers has completed the acquisition of UK-based small and medium-sized enterprise (SME) insurance broker Simply Business. 7 August 2017
News
US-based Mutual Reinsurance Bureau (MRB) has launched the search for a successor to its current CEO Timothy Dorr, who has announced his plans to retire from the Illinois-based joint reinsurance association. 7 August 2017
Insurance
Mexico’s Fund for Natural Disasters (FONDEN) has returned to the insurance-linked securities (ILS) markets to secure coverage against natural catastrophes for the first time since 2012. 7 August 2017
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
US rapper Kanye West filed a $10 million lawsuit over his cancelled tour against several Lloyd’s syndicates, including Lancashire Group’s Cathedral Syndicate, according to an August 1 report by The Hollywood Reporter. 2 August 2017
Insurance
Property casualty insurance provider The Travelers Companies said Aug. 2 that its board of directors elected CEO Alan Schnitzer as its next chairman, effective immediately. 2 August 2017
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