Buffett’s insurance leader Ajit Jain sells large part of Berkshire stake
P/C Insurers Berkshire Hathaway
Aon reports 6.5% revenue increase, pressure on M&A sector
Agents and Brokers, Financial Results, Mergers and Acquisitions, Reinsurance Aon
S&P upgrades Echo Re’s rating to A
S&P Global Ratings has upgraded Swiss reinsurer Echo Rueckversicherungs AG (Echo Re) long-term issuer credit and financial strength rating from ‘A-’ to ‘A’ with a stable outlook.
Underwriting discipline likely to remain for majority of market: William Ho, MS Amlin
In an interview with Reinsurance News, William Ho, Chief Executive Officer of MS Amlin for Asia Pacific, affirmed that although reinsurance market dynamics in Asia have shifted in 2024, discipline is expected to persist as the company continues to innovate for clients and brokers in an ever changing landscape.
Britain proposes insurance shake-up after Grenfell Tower fire
Agents and Brokers, P/C Insurers, P/C Legislation and Regulation, P/C Pricing, Risk Management United Kingdom
Misui Bussan Pana Harrison appoints Aon’s Yi Head of Treaty Reinsurance
Misui Bussan Pana Harrison, the Singapore based re/insurance broker that is 51% owned by the Mitsui & Co of Japan, has appointed Inyeong Yi as Head of Treaty Reinsurance and Strategic Growth.
Sarah Maune joins Gallagher Re Life Solutions team as VP
Reinsurance broker Gallagher Re has announced the addition of Sarah Maune to its Life Solutions team as Vice President (VP).
Tokio Marine’s international business reports 2% decrease in profits in FY’24
Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023’s JPY 436.9 million.
Beazley Security expands availability of Security Posture Reports
Beazley Security, a wholly-owned subsidiary of Beazley Insurance and an integrated cyber risk management firm, is aiming to reduce risk with the expanded availability of its Security Posture Reports (SPRs).
Canada Life Re reports record earnings for 2023
Canada Life Re, comprised predominantly by the Capital and Risk Solutions division, has reported “record” $794 million in earnings for 2023, as its parent company, Great-West Lifeco, sees strong earnings of $3.7 billion for the year.
Canopius Group strengthens Credit & Political Risk team with key appointments
Canopius Group, a leading global specialty (re)insurer, has announced strategic appointments to bolster its Credit & Political Risk team in London and the Asia-Pacific (APAC) region.