News

Alternative Risk Transfer

No rose-tinted glasses: Alleghany's readiness for the hard market

While alternative capital is here to stay, the industry could well experience a significant reset in rates if cracks in reserves widen and this combines with a big catastrophe loss, says Weston Hicks, the president of Alleghany, who also explains to Intelligent Insurer why his business is ready to benefit from such a scenario.   29 March 2017

Insurance

AmWINS taps XL Catlin exec for London MGA Unicorn

US-based global insurance broker AmWINS Group has appointed Perry Lyons as motor fleet underwriter for its London-based managing general agent (MGA) Unicorn Underwriting.   23 March 2017

Insurance

BHSI poaches Zurich exec; expands professional lines cover in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has launched a new professional liability product in Canada with the appointment of Geoffrey Kendrick as head of professional lines in the country.   21 March 2017

Insurance

Warren Buffett’s Berkshire Hathaway should buy AIG, analysts suggest

Berkshire Hathaway should buy insurance giant AIG, which has recorded a $3 billion loss for the fourth quarter of 2016, prompting the CEO to resign, analysts at Keefe, Bruyette & Woods (KBW) suggested in a March 10 research note.   13 March 2017

Insurance

Travelers buys UK broker Simply Business for $490m

US property/casualty insurer Travelers is acquiring UK-based small and medium-sized enterprises (SME) insurance broker Simply Business from previous owner Aquiline Capital Partners for approximately $490 million.   13 March 2017

Insurance

CII launches initiative to develop UAE insurance industry

The Chartered Insurance Institute (CII) has partnered with the insurance authority of United Arab Emirates to establish an education programme in Abu Dhabi to boost professionalism in the UAE insurance sector.   13 March 2017

Insurance

AIG CEO loses support from shareholders on turnaround strategy and has to go

American International Group’s (AIG) US casualty business resulted in a $3 billion loss in the fourth quarter of 2016 and in the resignation of CEO Peter Hancock.   9 March 2017

Insurance

Berkshire Hathaway launches new A&H cover in Asia; appoints heads

Berkshire Hathaway Specialty Insurance Company (BHSI) has launched new accident and health (A&H) insurance services in Asia and appointed heads of the new product lines.   6 March 2017

Insurance

Guardian CEO resigns from Arch Capital board

Deanna Mulligan, the CEO of Guardian Life Insurance Company of America, has stepped down from the board of directors of Arch Capital Group.   27 February 2017

Insurance

Berkshire boosts 2016 premiums to become one of the world’s leading P&C insurers

Berkshire Hathaway Specialty Insurance boosted premium volumes by 40 percent in 2016 to $1.3 billion.   27 February 2017

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