Berkshire's insurance division has grown to include Geico, General...
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End on an Era- Warren Buffett to retire after heading Berkshire for six decade, Greg Abel to succeed
Buffett said he will recommend to Berkshire Hathaway’s board that...
Denmark plans $1 billion war insurance for its merchant fleet
Denmark plans to set aside almost $1 billion to insure its merchant...
AIG to sell Validus Re to Renaissance Re in near $3B deal
The deal terms include about $2.74 billion in cash and $250 million of RenaissanceRe common shares, the companies said in their statements "For AIG, (the deal) further simplifies our business model and reduces volatility in our portfolio, while generating significant...
Swiss Re exits Net Zero Insurance Alliance
The departure follows that of fellow Swiss firm Zurich Insurance Group AG, as well as Germany’s Munich Re and Hannover Re NZIA has no US members, and with the departure of Swiss Re, it has roughly 27 left, including Allianz SE, Aviva Plc and Axa SA, according to the...
WHO launches global network to help protect people from infectious disease threats
The International Pathogen Surveillance Network(IPSN), with a Secretariat hosted by the WHO Hub for Pandemic and Epidemic Intelligence, brings together experts worldwide at the cutting-edge of genomics and data analytics, from governments, philanthropic foundations,...
Toyota wants to make more than just EVs — and has plenty of company
In January, the majority-owner of India’s dominant car manufacturer announced a deal with a government agency and Asia’s largest dairy manufacturer to verify that biogas derived from cow manure could be used to power Suzuki models running on compressed natural gas EVs...
EU fines Meta $1.3 billion over data transfers to US
The social network giant’s continued data transfers to the US didn’t address “the risks to the fundamental rights and freedoms of people whose data was being transferred across the Atlantic, according to a decision by the Irish Data Protection Commission announced on...
Next wave of life expectancy gains is on the horizon, says Swiss Re report
Life expectancy improvements typically come in waves following major medical breakthroughs or large-scale social trends, such as smoking cessation. In the twentieth century, pharmaceutical innovations which lowered blood pressure and cholesterol triggered a steep...
Panama Canal imposes shipping restrictions to cope with worsening drought
The largest vessels will have to reduce their drafts — how low they sit in the water — by carrying less or cutting the weight of their cargoes as of May 24, followed by another decrease that kicks in on May 29. Some major ocean carriers have also announced new fees...
MS Amlin strengthens Natural Resources team with claims expertise
With more than a decade of industry experience, Erman brings substantial claims-handling expertise. Specialising in marine and energy, he has a reputation for handling and resolving large, complex claims LONDON: MS Amlin, the Lloyd’s global (re)insurer, today...
Canopius launches first digital asset custody product on Lloyd’s Asia platform
Canopius can offer an individual line size of up to $130mn for eligible custody solutions, and the product provides coverage traditionally only available in the Crime and Specie markets separately The product will be available to financial institutions and covers a...
ASPEN appoints Tay Boon Chuan as head of Singapore
Boon brings with him more than 23 years’ experience of the Asian (re)insurance industry and a deep knowledge of the local treaty market having held positions at Asia Capital Re Group and Swiss Re Hamilton, Bermuda: Aspen Insurance Holdings Limited (“Aspen”) has...