Industry News
Berkshire Hathaway’s Commercial Lines, Re Top Lines Helped Offset Q4 Coronavirus Impact
Warren Buffett's Berkshire Hathaway Inc on Saturday said stock market gains fueled a record quarterly profit, while the billionaire signaled investors are undervaluing his company by repurchasing ...
Executives On The Move at CNA, Ascot and Grange Insurance
CNA appointed a new head of its Small Business arm. Ascot picked an executive to lead its operations in Bermuda. Grange Insurance appointed a new board member. *** CNA appointed Steve Marohn to the ...
A Post-Merger SiriusPoint Makes Its Debut
SiriusPoint Ltd., a Bermuda-based international specialty insurance and reinsurance company, has formally launched, the creation of a merger between two specialty companies. Specialty reinsurer Third ...
Irish Insurer FBD More Than Doubles Money Set Aside for COVID Lockdown Claims
Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that ...
American Family Makes $105M Commitment to Help Close Equity Gaps
American Family Insurance announced it is making a $105 million commitment over the next five years to help close equity gaps and create an environment where everyone can thrive—regardless of race, ...
Executives On The Move at Zurich North America, BHSI and AXIS Capital Holdings
Zurich North America hired a former Aviva executive to take on a leadership role in Canada for its Group Risk Management team. Berkshire Hathaway Specialty Insurance named a new senior vice president ...
Enstar Group Providing $2B+ Adverse Development Cover To AXA XL
Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover to AXA XL, a division of AXA. In the transaction, Enstar's ...
Munich Re’s 2020 Profit Plunges 55%, Spurred by COVID Claims
Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55 percent decline from the €2.71 billion (US$3.29 billion) reported for the previous year. The reinsurer's Q4 2020 ...