News
Markel’s Plans to Snatch Up Nephila Holdings Will Give It a Dominant ILS Market Stake
Specialty insurer Markel Corp. will acquire Nephila Holdings, a standalone insurance-linked securities manager. Plans call for closing the deal, pending regulatory approvals, in the 2018 fourth ...
Buffett Says Berkshire Bought Back Its Own Shares Along With Boosting Apple Stake
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Thursday said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in ...
Zurich Insurance Begins Competition to Find Cutting-Edge InsurTech Collaborators
Zurich Insurance Group believes a competition will help it find cutting-edge startups and entrepreneurs with whom to collaborate in the InsurTech space. The Swiss insurer launched what it is calling ...
Executives On The Move at Munich Re, PartnerRe and QBE North America
A unit of Munich Re added two new executives to its underwriting team. PartnerRe Ltd. announced a number of personnel changes for its board of directors. QBE North America appointed an executive to a ...
Church Mutual Launches Online Subsidiary Targeted to Smaller Religious Organizations
Church Mutual Insurance Co. has launched an online subsidiary targeted to smaller churches and other religious organizations. CM Select Insurance Co. will allow those clients to get quotes, purchase ...
German Regulator Backs Post-Brexit Insurance Contract Fix
European Union and U.K. authorities must agree on a political solution to the threat Brexit poses to trillions of dollars in derivatives and insurance contracts, according to Germany's top financial ...
TransRe Grabs Some U.S. Renewal Rights From Maiden Re, Whose North America Arm Is for Sale
TransRe has acquired the renewal rights to Maiden Re's U.S. treaty reinsurance underwriting business for an undisclosed price, even as talks to sell Maiden's North America arm are in "advanced ...
If You Want a Job, 63 Percent of Insurers Are Looking, Jacobson/Ward Study Found
A majority of insurance companies plan to hire additional employees in 2018, even as the industry's unemployment rate hovers at a record low and the labor market remains extremely competitive, ...