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25 February 2018

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Berkshire has first annual underwriting loss in years

25 February 2018

Berkshire Hathaway’s insurance operations fell to a fourth quarter underwriting loss of $627mn, as its reinsurance group swung to a $1.31bn pre-tax underwriting deficit for the period, driven partly by wildfires in CaliforniaRead more

Kearns returns as Berkley Mid-Atlantic's president

24 February 2018

John F. Kearns was named president of Berkley Mid-Atlantic Group, a Berkley Company, succeeding Susan N. Grady, W.R. Berkley said todayRead more

FM Global’s EU unit wins A+ AM Best rating

24 February 2018

FM Global’s newly established European unit received an A+ financial strength rating from AM Best, which also affirmed the parent mutual property insurer’s A+ grade todayRead more

Markel names Hungate-Noland to Ventures team

23 February 2018

Beth Hungate-Noland, a partner at Williams Mullen, will join Markel as a managing director and become part of the team responsible for the oversight of Markel Ventures, the insurer said todayRead more

Lockton taps Moitoso to replace DeSett in risk post

23 February 2018

Lockton has appointed Mark Moitoso to lead its Risk Practices organization, filling the position vacated when Tim DeSett left for AIG last monthRead more

Chubb bails from NRA program amid NY probe

23 February 2018

Chubb’s withdrawal from the National Rifle Association’s (NRA) Carry Guard insurance offering is directly related to a probe begun last year by New York’s insurance regulator into unlicensed activity regarding marketing and fees tied to the program, according to a sourceRead more

James River shares plunge on big Q4 earnings miss

23 February 2018

James River shares dropped as much as 13 percent in early New York trading today after the (re)insurer’s fourth quarter earnings fell far short of Wall Street expectations because of reserve strengthening involving a single commercial auto accountRead more

IUA requests PRA slack for EU branches after Brexit

23 February 2018

The International Underwriting Association (IUA) is seeking regulatory leeway on a proposed threshold after which European carriers with consumer-facing operations would have to convert their UK branches to subsidiaries for BrexitRead more

MS Amlin pulls backing from Ortac MGA

23 February 2018

MS Amlin has warned Ortac that it will withdraw capacity from the general aviation MGA, The Insurance Insider understandsRead more

CBL Insurance in liquidation in New Zealand

23 February 2018

The New Zealand High Court has put CBL Insurance into liquidation at the request of the country's insurance regulatorRead more

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