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Berkshire Hathaway 2019 P&C underwriting profit falls 79%

The company reported total P&C underwriting profits for the year of $325mn, down from $1.6bn in 2018.

James River open to ADC for Uber claims

J Adam Abram said the carrier would closely monitor its book of run-off ride-share business.

Pioneer staff under consultation as K2 deal progresses

A team of underwriters and support staff will move over to K2 when the deal completes.

Fronting carrier Spinnaker is up for sale

The New Jersey-based insurer is seeking an injection of fresh capital to continue its rapid growth.

• Armour CEO Huntington and president Williams to leave
• Marine specialist Gambino leaves Great American
• Pool Re contemplates second ILS issue in 2021
• IGI gets SEC nod for Tiberius transaction
• The Week in 90 Seconds
• AGCS EUR600mn reserve charge is ‘conservative’: Bäte

Opinion

Leaders like Beazley may look favourite to own the new follow market – but don’t count out entrepreneurs

Regulators need to be held accountable for the damage they do to the industry’s competitiveness

Focusing resources reduces the execution risk but it ups the ante for Lloyd’s

Will Japan and Florida be reinsurers’ ‘jam tomorrow’?

In Brief

Scor selects Christoff for Scor Canada CEO role

S&P keeps ProAssurance credit rating under review

West of England to take stake in Nordic Marine Insurance

Allstate estimates January cat losses at $58mn

Acord forms London advisory board

Nexus launches US financial lines division

Analysis

Beazley rate growth doubles but reinsurance lags

Property, aviation and marine cargo were among the fastest risers.

I50 plunges more than equity benchmarks in January

Global insurers and Floridians pull the index down but brokers buck the negative trend.

Q4 begins with a medmal bang

Inside P&C questions whether emerging pressures in medmal are receiving enough attention.

London specialty rate gains at 1.1 trigger 2020 optimism

Modest acceleration in January brings underwriter hopes of further momentum mid-year.

Career changes lead to a shakeup in the D&O Rankings

Two professionals win the underwriter rankings and RKH Specialty’s Jason Rose climbs to the top of the broker podium.

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