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Berkshire on hook for $900mn share of QBE losses

A QBE spokesperson confirmed that 2017 catastrophe losses are expected to exhaust its $900mn aggregate reinsurance programme, which is understood to be written by Berkshire Hathaway.

Fiona Robertson, 03 October 2017
IUA members name cyber as top new risk

Cyber has taken the prime spot as the most important emerging risk for underwriters, according to an International Underwriting Association (IUA) poll of its members

Laura Board, 03 October 2017
American Financial pegs Q3 cat losses at $105mn

American Financial Group (AFG) expects to shoulder $105mn of the ultimate bill from an onslaught of natural disasters that have impacted the industry in the third quarter.

Dan Ascher, 03 October 2017
Blockchain initiative expands membership

Insurance industry blockchain initiative B3i is to more than double its membership, as reinsurers and brokers start to test the viability of the technology

Bernard Goyder, 02 October 2017
Liberty Specialty Markets creates renewable energy team

Liberty Specialty Markets (LSM) has expanded its onshore energy offering by launching a renewable energy team.

Charlie Thomas, 02 October 2017
ProAssurance expects $7.5mn in hurricane losses

ProAssurance has estimated pre-tax net losses from hurricanes Harvey, Irma and Maria at $7.5mn

Catrin Shi, 02 October 2017
Global Bankers to buy Lincoln Benefit from Resolution

Global Bankers Insurance Group has agreed to buy Lincoln Benefit Life and affiliated entities from Resolution Life, which plans to consolidate its insurance business.

Ted Bunker, 02 October 2017
Markel Catco seeks new capital

Markel Catco warned that its net asset value (NAV) per share could fall by as much as 15 percent in 2017 as it prepared to sell shares to replenish capital

Fiona Robertson, 02 October 2017
Chubb adds $352mn to Q3 pre-tax cat bill

Chubb is expecting $352mn in additional pre-tax losses from third quarter catastrophes, including $220mn in net insurance and reinsurance losses from Hurricane Maria

Catrin Shi, 02 October 2017
Tokio Marine’s HCC plans to buy AIG medical business

Tokio Marine’s US specialty insurer HCC Insurance Holdings plans to buy AIG’s medical stop-loss business and will likely pay more than 30bn yen ($266mn) to close the deal.

Ted Bunker, 02 October 2017

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