News

Insurance

Reinsurance units contract in Q2 as Berkshire Hathaway shuns under-priced business

While Berkshire Hathaway’s primary insurance businesses experienced substantial growth in the second quarter of 2016 its reinsurance businesses shrank, the company blaming high capacity and intense competition in the sector.   8 August 2016

Insurance

Allianz sees success as it grows Asia footprint, says Asia-Pacific CEO, Mark Mitchell 

Four or five years ago Allianz’s footprint in Asia was “pretty limited”, Asia-Pacific CEO Mark Mitchell told SIRC Today, saying it started out with branches in Japan, Hong Kong and Singapore.   31 October 2019

Insurance

United expands catastrophe reinsurance tower to $4bn

Florida-based property and casualty insurance company United Insurance Holdings (UPC) has renewed its catastrophe reinsurance programmes, taking its total limit to $4 billion.   5 June 2019

Insurance

Liberty Mutual increases stake in Indian joint venture

Liberty Mutual Insurance Group has increased its interest in its non-life insurance joint venture company Liberty Videocon General Insurance (Liberty Videocon) in India to 49 percent.   15 August 2016

Insurance

Argo hires Catlin exec

Argo has expanded its general liability offering with the appointment of Nick Lawrence as general liability class underwriter.   1 December 2014

Insurance

Markel buys UK-based business to strengthens presence in the online market

Markel UK, a division of Markel International that provides insurance, tax and legal services for SMEs, is acquiring the online freelancer and contractor business of commercial insurance brokers Caunce O’Hara.   13 September 2019

Insurance

New owners of AIG’s Bermuda legacy unit Fortitude Re plot growth and diversification

The business has been acquired by The Carlyle Group and T&D Holdings and has secured a new rating.   3 June 2020

Insurance

Global Risk Partners acquires UK insurance broker

Global Risk Partners (GRP), an investment vehicle operating in specialty insurance markets, has acquired commercial and personal insurance broker SLK General Insurance Services, based in Cambridgeshire.   21 September 2016

News

AM Best forecasts more M&As in Commonwealth Independent States

Insurers working across the Commonwealth Independent States (CIS) of former Soviet Russia can expect to see further consolidation in their sector, according to the latest special report from AM Best.   29 January 2019

Insurance

Tokio Marine Kiln unveils flagship cyber product at SIRC 2019

There is plenty of opportunity in the Asia-Pacific region for Tokio Marine Kiln (TMK), the issue is accessing the right opportunities, in the right fashion.   30 October 2019

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