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Insurance
Property and casualty insurer Chubb has promoted Steve Parry to the role of director of claims for Europe and Eurasia and Africa, succeeding Peter Murray, who is retiring this year. 2 February 2017
Insurance
AM Best has placed the financial strength ratings (FSR) of American International Group (AIG) and its insurance subsidiaries under review with negative implications because of concerns over its reserves. 27 January 2017
Insurance
Berkshire Hathaway’s $9.8 billion retroactive reinsurance deal with American International Group’s (AIG), revealed last week, is big enough to potentially jeopardize an underwriting profit in Warren Buffett’s reinsurer’s P&C operations for the first time. 26 January 2017
Insurance
The former chairman and joint CEO of Bluefin and an experienced executive who has previously worked for Chubb and AIG have joined forced to launch an innovative platform that will help brokers launch their own businesses. 26 January 2017
Insurance
Beazley has appointed Monica Tigleanu as an underwriter focused on data breach and information security coverage for US companies. 24 January 2017
Insurance
Re/insurer XL Catlin has appointed three executives, Ludovic Ruiller, Ophélie Carême and Vincent Fumey, into its underwriting team in France. 24 January 2017
Insurance
American International Group’s (AIG) $9.8 billion reinsurance deal with Berkshire Hathaway covering US commercial long-tail exposures for accident years 2015 and prior comes at a “significant” cost for AIG but should offer improved earnings stability, according to analysts at CreditSights. 23 January 2017
Insurance
If ultimate losses remain unchanged, Berkshire Hathaway will net a gain of around $2.6 billion plus the float in its $9.8 billion US casualty reinsurance agreement with American International Group (AIG), analysts at CreditSights writing in a January 20 note. 23 January 2017
Insurance
American International Group (AIG) entered into an adverse development reinsurance agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway. 20 January 2017
Insurance
Willis Towers Watson (WTW) has appointed Mike Liss as head of corporate risk and broking (CRB) business in North America, effective immediately. 19 January 2017
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