Hannover Re
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The Warren Buffett-led carrier takes the position after collecting $10.2bn in premiums from its AIG transaction. -
The appointment precedes a fundraising drive by the blockchain body, which was incorporated as a Swiss company in March.
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At a minimum, the move will reduce costs and give the new entity a broader platform to pursue growth.
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The January storm caused group-wide losses of more than $70mn.
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The Talanx reinsurer and its industrial lines subsidiary will chase high-margin business through the new joint venture.
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The industrial lines insurer announces reshuffle of its management board.
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Combined ratio modestly worse year-on-year despite sharp drop off in large losses as underlying result worsens.
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Envelop Risk, a start-up cyber MGA and analytics company, has named ex-Hannover Re underwriter Ari Chatterjee as chief underwriting officer.
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Investment returns remained subdued year-on-year for the vast majority of the companies in our analysis, ranging from 1.7 percent to 6.5 percent for the third quarter.
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