Reinsurance

Berkshire Hathaway’s vice chairmen Jain, Abel each made $18 mn in 2018

International News       Mar 18, 2019

  Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s...

Tougher Asian markets need different approach to risk and insurance driven by data analytics

International News       Mar 18, 2019

  Singapore: Large and complex risks will continue to dominate the Asian commercial insurance market, proving the current business model unsustainable and not fit for purpose, according to Willis Towers Watson’s 2019 Asia Market Report.   “There have been a tighter scrutiny of underwriting practices and withdrawals...

Swiss Re says helped insure Boeing, Ethiopian Airlines

International News       Mar 18, 2019

  ZURICH/ADDIS ABABA/PARIS Reinsurance group Swiss Re helped cover jetmaker Boeing Co and Ethiopian Airlines, the Swiss company said on Monday amid an investigation into what caused an Ethiopian Airlines plane crash that killed 157 people.   “We can confirm that we are part of the insurance...

Hannover Re announces the launch of insurtech initiative

International News       Mar 11, 2019

  Hannover: Hannover Re announces the launch of hr | equarium – an innovation pool exclusive to Hannover Re’s global network of insurance clients which facilitates connections with innovative insurtech partners.     The online platform provides access to a diverse range of solutions spanning the entire value...

China Re launches renewable energy consortium for offshore windfarm risks

International News       Mar 11, 2019

   London: China Re Corporation (“China Re”) today announces the launch of a renewable energy consortium at Lloyd’s, focused on project specific reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium along with...

Insurers face large claims after second Boeing 737 MAX crash

International News       Mar 11, 2019

  London: Boeing Co’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.   An Ethiopian Airlines passenger jet bound...

157 feared dead after Nairobi-bound Ethiopian airline crashes

International News       Mar 10, 2019

  Nairobi: An Ethiopian Airlines Boeing 737 passenger jet to Nairobi crashed early on Sunday with 149 passengers-including four Indians, tourists, business travellers, and at least one delegate to a UN meeting.and eight crew members aboard, the airline said.   Flight ET 302 crashed near the town...

Hannover Re profit jumps to EUR 1.06 billion in 2018 despite large losses

International News       Mar 07, 2019

  Hannover: Hannover Re generated Group net income of EUR 1.06 billion in 2018 as compared to 0.96 billion for the past financial year and thus achieved its profit target.   "The 2018 financial year once again bears witness to the profitability of Hannover Re," Ulrich Wallin,...

Lloyd’s appoints Hayley Spink as head of global operations

International News       Mar 07, 2019

  London: Lloyd’s has appointed Hayley Spink as Head of Global Operations   In her new role Hayley will provide operational leadership for Lloyd’s internal and market wide programmes, reporting to Chief Operating Officer, Shirine Khoury-Haq. Hayley joined Lloyd’s in 2007 and has served in a variety...

China set to be the largest global insurance market by mid-2030s:Swiss Re

International News       Mar 06, 2019

  Zurich: Emerging markets will remain the growth engine for the global economy and insurance industry over the next decade, the latest sigma report from Swiss Re Institute shows. The study explores how the seven largest emerging markets will contribute more than 40% of global growth...

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