by AIP Online Bureau | May 12, 2024 | Banking & Bancassurance, International News, Non-Life, Reinsurance
The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
by AIP Online Bureau | Apr 3, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Regulation, Reinsurance, Risk Management, Technology
In contrast to last year’s renewal, 4/1 saw a resurgence in property catastrophe capacity. While there were few new players in the market, existing reinsurers demonstrated an increased appetite to grow their property catastrophe books in India. However,despite excess...
by AIP Online Bureau | Mar 27, 2024 | International News, Non-Life, Reinsurance, Risk Management
“The creation of a dedicated cyber and digital business unit allows us to create consistency and the best possible capacity for our clients and business partners.For insurtechs and many clients seeking cyber risk protection, we are already the trusted reinsurance...
by AIP Online Bureau | Feb 27, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Berkshire Hathaway has reported net underwriting earnings across its re/insurance operations of $5.4 billion for the full year 2023 compared with a loss a year earlier. Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating...
by AIP Online Bureau | Feb 26, 2024 | Indian News, Non-Life, Regulation, Reinsurance
The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...
