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  • Berkshire Hathaway looks set to acquire Sompo Japan Insurance Inc’s run-off portfolio, Insider Week can reveal. According to sources, Berkshire Hathaway has trumped UK run-off acquisition specialists Ruxley Ventures who had tabled an alternative...
  • Mitsui Sumitomo has recruited Chubb Senior vice president Andrew McKee to head its Lloyd's platform, Mitsui Sumitomo Insurance Underwriting at Lloyd's (MSIUL).
  • US and European specialty insurance group AmTrust has continued its path of rapid expansion, with top line growth in the fourth quarter up 23.6 percent to $586.6mn.
  • French giant AXA said it had produced a "strong first half" performance with underlying earnings up 19 percent to EUR2.1bn.
  • Norwich Union leading light Bridget McIntyre has quit the insurer to take over as chief executive of Royal & Sun Alliance’s (R&SA) domestic operations following Duncan Boyle’s decision to retire from the company after 32 years in its service.
  • XL has announced the appointment of former Zurich Specialties chief underwriting officer Glenn Burles as head of its new US liability underwriting unit.
  • Evercore is appointed to sell Flagstone Group, as the Bermudian divests its Lloyd's and Caribbean operations
  • Bermudian-headquartered (re)insurer Lancashire Holdings Ltd today (8 January) announced the appointment of John Melcon as CEO of the firm’s Middle East marketing operations.
  • The rating agency Fitch is bullish on the Australian insurer QBE insurance Group’s prospects as it assigned an A+ long term rating, outlook stable.
  • German reinsurer Hannover Re is set to book around EUR100mn profit in the third quarter after winning a legal dispute over the taxation of income generated by subsidiaries.