BHSI opens another German office & more…Keep up with what has been happening this week in our latest insurance news round-up…
Berkshire Hathaway Specialty Insurance (BHSI) has opened another location in Germany. BHSI already has presence in Cologne and Munich, and now the specialty insurer can also be found in Frankfurt.
325 social welfare recipients living in high disaster risk locations in Fiji will be included in a pilot climate risk insurance project. The project which started on November 1st will run for 12 months. The United Nations World Food Programme and the UN Capital Development Fund are partnering with the Ministry of Poverty Alleviation to pilot this first parametric micro-insurance.
Marine insurance expert Topsail Insurance has launched a new marine legal expenses product for the domestic boating sector in partnership with legal expense insurance provider ARAG Services Australia (ARAG).
Willis Towers Watson (WTW) has named Ben Crookenden as head of facultative for its risk and broking business in Asia. Based in Singapore, Crookenden will report to Alex Shepherd, head of global facultative, in London and Paul Ward, head of global markets P&C, in Asia.
Aviva has said it is on track to achieve its cost reduction and cash remittance objectives following a solid performance this year. The company expects to return over £5billion to investors between 2021 and 2023, having already handed out £1.1billion from January to September this year, including £450million of a £750million share buyback scheme.