Life & Health News

Microinsurer BIMA Aims to Close Developing Nations’ Protection Gap with Life & Health Cover

The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to property protection after natural disasters. It is all aimed to …

PartnerRe to Buy Canada’s Aurigen Capital, in Life Reinsurance Push

PartnerRe Ltd., the reinsurer owned by John Elkann’s EXOR SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 million) in a deal expected to be completed …

BHSI Launches Life Agent & Broker Dealer Professional Liability Coverage

Berkshire Hathaway Specialty Insurance (BHSI) has launched life agent & broker dealer professional liability insurance and named Atea Martin as head of claims. Underwriting of the new line is overseen by Paul Humel, AVP, Financial Institutions, Executive & Professional Lines. …

Swiss Re Reports $83 Million Q2 Net Income; $717 Million in P&C

Swiss Re reported a net profit of $83 million for the second quarter of 2012, indicating that the figure was “impacted by the sale at a loss of $1.0 billion of the Admin Re® US business.” Property & Casualty reinsurance …