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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
Insurance Europe has urged policymakers to ensure that the Paris Climate Agreement is fully implemented and adhered to, now that it has come into force. 4 November 2016
Insurance
Greenlight Capital Re recorded a $30 million net profit in the third quarter of 2016 compared with a net loss of $219.7 million for the same period of 2015. Nevertheless, ratings agency AM Best downgraded the financial strength rating of Greenlight Reinsurance citing underwriting weaknesses. 4 November 2016
Insurance
The increasing use of insurtech and data in the insurance industry is promoting the need for cyber protection, in products as well as with insurance providers. 2 November 2016
Insurance
A downward trend in US commercial property/casualty rates has continued into the third quarter of 2016, according to a market survey from The Council of Insurance Agents & Brokers (CIAB). 1 November 2016
Insurance
Aspen Insurance, the insurance segment of Aspen Insurance Holdings, has acquired Blue Waters Insurers, a specialist marine managing general agency (MGA), based in San Juan, Puerto Rico. 1 November 2016
Insurance
PIB Insurance Brokers has entered into an agreement to acquire Carmichael & Partners, an Aberdeen-based general insurance broker specialising in in the delivery of bespoke professional services to businesses in Aberdeen and North of Scotland. 1 November 2016
Insurance
Specialist insurer Markel International has acquired Galleon, a London-based managing general agent (MGA) specialising in marine professional indemnity and cargo liability business. 1 November 2016
Alternative Risk Transfer
Blue Capital, a Bermuda-based holding company which offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities posted net income of $3.3 million for the third quarter of 2016, compared to $4.4 million for the same period in 2015. 1 November 2016
Insurance
Allied World posted a net profit in the third quarter of 2016 after a loss in the same period a year ago. 1 November 2016
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