Net underwriting earnings across Berkshire Hathaway’s insurance and reinsurance operations declined to $750 million in the third quarter of 2024, as the strong performance at GEICO more than offset underwriting losses at both the firm’s primary insurance and reinsurance businesses.
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The re/insurance news that matters delivered to your inbox, or to read online, daily. Reinsurance News is run by professionals with years of experience in journalism, knowledge management and the creation of timely insight for the reinsurance and risk transfer sectors. By combining our experience in knowledge management and our broad reinsurance insight with technology, we aim to bring you the most important reinsurance, specialty & commercial insurance news online and in a simple daily email. You can visit ReinsuranceNe.ws online at any time to catch up on the latest stories and our views on global reinsurance market trends. We're publishing stories all day, every day. Reinsurance News brings the insurance and reinsurance industry news that matters to a growing global audience. Our loyal readership averages more than 220,000 unique users per month at January 2024, peaking at over 300,000 in busy periods and we're still growing.
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Recap the most important re/insurance industry news, featuring: Chubb, Everest, AXIS (AXIS Capital), Arch Insurance Group Inc., SiriusPoint, WTW, MAPFRE RE, AXA XL, Aon, Morningstar DBRS, Howden, Aviva, Gallagher, Price Forbes, Enstar Group, New Reinsurance Company Ltd. (NewRe).
Your weekly re/insurance round-up, ending 1st November, 2024
Reinsurance News on LinkedIn
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International specialty insurance firm Ryan Specialty Holdings, Inc. has reported revenue growth of 20.5% year-over-year to $604.7 million in the third quarter of 2024, compared to $501.9 million in the prior-year period, while net income spiked 82.4% year-over-year to $28.6 million.
Ryan Specialty reports organic revenue growth of 11.8% in Q3'24 - Reinsurance News
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Specialty re/insurance group Chaucer Group has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform.
Ivan Sit joins Chaucer as Class Underwriter, Marine - Reinsurance News
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Lemonade, the digital insurance firm powered by artificial intelligence (AI), has reported a net loss in Q3 2024 of $67.7 million, compared to a loss of $61.5 million in the third quarter of 2023, while it’s in-force premium (IFP) increased by 24% to $889.1 million.
Lemonade's in-force premium climbs to $889.1m in Q3'24 - Reinsurance News
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Global reinsurer Hannover Re has announced the appointment of Rael Davis as Chief Financial Officer of the Hannover Re UK Life Branch.
Rael Davis named Chief Financial Officer of Hannover Re UK Life Branch - Reinsurance News
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Enstar Group, a company specialising in managing runoff insurance and reinsurance portfolios, recently confirmed that one of its wholly-owned subsidiaries has finalised a previously announced loss portfolio transfer agreement with subsidiaries of QBE Insurance Group.
Enstar finalises $376m loss portfolio transfer agreement with QBE - Reinsurance News
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Global insurance and reinsurance broker Aon has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move that aligns with its UK and Ireland expansion strategy.
Aon to expand presence in UK & Ireland with Griffiths & Armour acquisition - Reinsurance News
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Solid underwriting conditions, combined with a turnaround in unrealised losses drove reinsurers to a 22% return on equity in 2023, states global ratings agency AM Best.
Reinsurers posts 22% ROE in 2023, Helene & Milton to stall softening, says AM Best - Reinsurance News
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The Natural Disaster Fund, managed by Global Parametrics, is playing a crucial role in supporting food security in drought-prone African countries by supporting African Risk Capacity Ltd. with risk capacity for the UN World Food Programme.
NDF supports ARC as lead capacity provider for parametric drought insurance for UN food program - Reinsurance News
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