News
Insurance
Total net earnings for Berkshire Hathaway Inc were up in the second quarter of 2019 and in the half year compared to 2018 but the firm’s reinsurance group reported significant pre-tax underwriting losses. 5 August 2019
Insurance
Swiss Re's ReAssure is acquiring Quilter's UK closed book business, consisting of Old Mutual Wealth Life Assurance and its subsidiary Old Mutual Wealth Pensions Trustees, including about 300 employees, for a total consideration of £425 million. 5 August 2019
Insurance
German insurer Allianz enjoyed a strong second quarter 2019 with operating performance and net income rising above estimates, but its property/casualty operating profits fell back due to lower investment earnings. 5 August 2019
Insurance
Risk management firm Gallagher Bassett (GB) is acquiring the assets of loss adjusting and claims management firm Adjusting Associates to further expand its size and offerings in the UK. 5 August 2019
Insurance
Property/casualty insurer Chubb has appointed Marcos Gunn as senior vice president, Chubb Group and regional president, Latin America. 5 August 2019
Insurance
Barbican Protect, the UK insurance arm of Barbican Insurance Group, has appointed Paula McManus as head of professional indemnity (PI) for its London operations. 5 August 2019
Insurance
Bermuda-based Everest Re Group has hired Chubb's Juan Andrade as chief operating officer (COO) effective September 1, 2019. He will succeed Dominic Addesso as president and chief executive officer (CEO) of the company from January 1, 2020. 2 August 2019
Insurance
Property/casualty insurer Chubb has appointed Juan Luis Ortega as executive vice president, Chubb Group and president, overseas general insurance. 2 August 2019
Insurance
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings has appointed Jason Busti as president of North America. 2 August 2019
Insurance
Lloyd’s Lab, the experimental development hub for Lloyd’s of London, has unveiled its third cohort of 11 teams, which include AI, big data, microweather technology, risk modelling and language processing innovators. Lloyd's chair Bruce Carnegie-Brown said the chosen firms are the "brightest and best talent from the technology sector". 1 August 2019
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