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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
American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth. 22 January 2018
Insurance
The performance of the commercial automobile insurance segment in the US has lagged that of other property/casualty (P&C) industry sectors for several years and continued to deteriorate through the third quarter of 2017, according to AM Best. 19 January 2018
Insurance
Ajit Jain, widely regarded as the architect of the success of the reinsurance side of Berkshire Hathaway’s business for many years, has been given a seat on the board of directors of the whole company, filling the new role of vice chairman of the insurance division. 10 January 2018
Insurance
US insurance broking group Acrisure is to acquire reinsurance intermediary Beach & Associates. It will buy-out private equity firm Aquiline Capital Partners as part of the deal. 10 January 2018
Insurance
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has appointed Lars Vissing as regional unit London (RUL) head of claims, starting in February 2018. 10 January 2018
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