Reinsurance
Most Insurers Plan to Add Employees or Maintain Current Staffing: Jacobson/Aon Study
Most insurance companies plan to either maintain current staffing or add new employees over the next 12 months, The Jacobson Group and Aon plc have found. At the same time, their new Semi-Annual U.S. ...
Executives On The Move at BHSI and Liberty Mutual
Berkshire Hathaway is bringing on a former Swiss Re executive in a leadership role. Liberty Mutual has a new senior vice president and treasurer. *** A former Swiss Re executive is joining Berkshire ...
Ironshore Expands, Realigns Wholesale Distribution Platform
Ironshore, the Liberty Mutual specialty insurance company, has expanded and realigned its wholesale distribution platform with local offices headed by branch managers. The company believes the new ...
SCOR Buys Majority Stake in Brazil MGA Focused on Agriculture
Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. ...
Carriers Rush to Exclude Coronavirus Epidemic From Event-Cancellation Policies
Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the ...
AIG’s Q4 Profit Exceeds Estimates; P/C Underwriting Rebound Continues
Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business. AIG, one of the ...
Arch Capital’s Net Income Grew; Insurance Combined Ratio Still Above 100
Arch Capital Group Ltd. ended 2019 with a number of things in its favor. The Bermuda-based insurer and reinsurer saw its net income climb significantly higher in the fourth quarter and its ...
Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure
Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some "unacceptable" results, particularly a $114 million underwriting loss. Separately, there are also ...