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Insurance
Berkshire Hathaway has reduced net earned premium in its re/insurance operations by 38.5 percent year on year to $13.37 billion in the first quarter of 2018 driven by the Berkshire Hathaway Reinsurance Group unit, according to KBW research. 8 May 2018
Insurance
The new European subsidiary of specialist insurance group Tokio Marine is expected to begin operation from the second half of 2018 as it received regulatory approvals and appointed a new chief executive officer. 8 May 2018
Insurance
Specialist re/insurance broker BMS Group has appointed Andrew Godden as CEO and Dylan Wilkinson as COO of its Australian operation. 8 May 2018
Insurance
Africa’s insurance markets suffer from excess capacity and cut-throat competition, but a low market penetration offer opportunities for growth. 8 May 2018
Insurance
German insurer Allianz has led the latest fundraising round of Berlin-based insurtech startup Simplesurance, alongside other investors such as Rheingau Founders and Rakuten Capital. 8 May 2018
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
Alternative Risk Transfer
Bermuda-based specialist insurer Hiscox has grown gross written premiums by 24.3 percent year on year to $1.16 billion in the first quarter of 2018 as Hiscox London Market and Hiscox Re & ILS took advantage of the hardening market at the Jan. 1 renewals. 8 May 2018
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