International
PartnerRe Rejoins Largely Unchanged Reinsurance Top 10: A.M. Best
The 10 largest global reinsurers of 2019 represent a paragon of stability, according to A.M. Best's new market segment report. That's largely because so little changed from the year before. Nine of ...
Swiss Foundation Settles Cryptocurrency Fundraiser Lawsuit With $25M Payment
A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with a Swiss foundation paying $25 million ...
Amazon Adds Insurance and Gold to Financial Service Offerings in India
Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground ...
China Re Group Enjoyed Robust Growth for H1 2020
China Re Group Corp enjoyed rapid growth in premiums and steady profitability in the first half of 2020 despite the pandemic. Overall, gross written premiums in the first half of 2020 increased 20.5 ...
QBE CEO Regan Departs After Investigation Following Female Employee’s Complaint
QBE Insurance Group's Chief Executive Officer Pat Regan is departing the insurer after an external investigation found his workplace communications did not meet the standards set out in the group's ...
Executives On The Move at Willis Towers Watson and Lloyd’s
Willis Towers Watson appointed a new senior director within its Insurance Consulting and Technology business. Lloyd's of London created a new position – head U.S. head of Claims – stemming from ...
Traditional Reinsurers Perform Better Than Total Return Reinsurers: AM Best
Although total return reinsurers, which like to take more risk on the investment side of their balance sheets than other reinsurers, have the potential to generate significantly higher investment ...
Buffett’s Berkshire Hathaway Invests in Japan’s Five Biggest Trading Firms
Berkshire Hathaway Inc has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the ...