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Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has introduced inland and ocean marine insurance in Canada with the appointment of Gord Rider as senior marine underwriter. 11 January 2017
Insurance
Insurance Australia Group (IAG) has renewed its catastrophe reinsurance programme for 2017 at a similar size to previous years but it has added an additional multi-year dimension to the coverage. 4 January 2017
Insurance
The Hartford has completed a $1.5 billion excess-of-loss reinsurance deal with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, which covers its asbestos and environmental liability exposures. 4 January 2017
Insurance
As India opens its market to international reinsurers, the Insurance Regulatory and Development Authority of India (IRDAI) expects foreign reinsurers to secure final clearance to open branches soon and several to be operational within six to nine months. 20 December 2016
Insurance
The CEO of Canada-based Fairfax Financial has cited the influence of incoming US president Donald Trump as being a driver for it buying Allied World Assurance Company in a $4.9 billion deal announced December 19. 19 December 2016
Insurance
The competitive landscape for reinsurance in China and India are changing significantly through the introduction of a new regulatory regime and the liberalisation of the market, said S&P Global Ratings. 24 November 2016
Insurance
Both of Berkshire Hathaway’s reinsurance units shrank in the third quarter of 2016, a reflection of the competitive market conditions as the company stressed it is declining business where it believes the price is inadequate. 7 November 2016
Insurance
Lloyd’s of London is set to establish a branch in Mumbai in 2017 after receiving approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), allowing it to provide onshore reinsurance service in India. 7 November 2016
Insurance
A combination of automation of internal processes, gadget-driven insurance products and startups is set to transform the insurance business in the coming years, according to Torbjörn Magnusson, president & CEO of Nordic property/casualty insurance provider If P&C Insurance. 3 November 2016
Insurance
The deal between TransRe and Gen Re that will see the former help the latter access the broker markets in the US looks like a win-win for both parties—but the proof of this pudding may be in the eating. Mike Sapnar and Ken Brandt from TransRe explain to Intelligent Insurer how the deal will work, what it means for cedants and how they plan to avoid any pitfalls. 23 October 2016
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