News - Re/Insurance groups

TALANX approves change of leadership

At the meeting taking place on 10 November, the Supervisory Board of TALANX AG approved a change of leadership at the top of the company.





Berkshire Hathaway reports USD 3 billion losses from 3Q cat events

Berkshire Hathaway's operating earnings in the third quarter and first nine months of 2017 are net of pre-tax underwriting losses of approximately USD 3 billion (USD 1.95 billion after-tax) attributable to three major hurricanes (Harvey, Irma and Maria) and an earthquake in Mexico, the company reported in a press release.

A.M. Best highlights the strength of rated re/insurers in the mature EMEA markets

An A.M. Best analysis of re/insurers domiciled in the mature markets of the European, Middle East and Africa (EMEA) region under the rating agency's updated Best's Credit Rating Methodology (BCRM) and its new building-block approach has revealed that 87.6% of rated companies in this group have Long-Term Issuer Credit Ratings deemed "Excellent" or above.

AON report: Failure to innovate, now a top five risk for EMEA financial institutions

AON identified significant new threats facing financial institutions in Europe, Middle East and Africa, in its latest "2017 EMEA Financial Institutions Industry Report". Thus, for the first time, "failure to innovate" and "disruptive technologies" both enter the top 10 risks affecting the financial institutions in the region.




AIG Reports Third Quarter 2017 Results

American International Group, Inc. today reported a net loss of USD 1.7 billion, or USD 1.91 per share, for the third quarter of 2017, compared to net income of USD 462 million, or USD 0.42 per diluted share, in the prior-year quarter. After-tax operating loss was USD 1.1 billion, or USD 1.22 per share, for the third quarter of 2017, compared to after-tax operating income of USD 1.1 billion, or USD 1.01 per diluted share, in the prior-year quarter.