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SiriusPoint launches with $4 billion in initial capital

spike 16 hours ago

“I am delighted to announce the launch of SiriusPoint,” said Sid Sankaran, chairman and CEO of SiriusPoint. “This is a strategic union of two highly complementary organisations. SiriusPoint is an opportunity to leverage our combined strengths and refocus our organisation on profitability, innovative partnerships, and solutions. Our breadth of footprint combined with the ability to be nimble and responsive will be truly differentiating.”

Sankaran (pictured above) said SiriusPoint aimed to be “a disruptive force in the industry and drive technology innovation.”

“We have set a goal to challenge the status quo and define new ways of conducting business with diversity

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Time for biometric security on contactless cards

spike 20 hours ago

New market research on contactless cards from TietoEVRY shows that UK and European consumers are concerned about infection risk when paying in-store, with worries about theft and fraud growing as contactless limits rise.

In a new white paper, Securing the revolution: the next step in contactless transactions, TietoEVRY argues that now’s the time to introduce biometric security on contactless cards.

Conducted by Zwipe on behalf of TietoEVRY during COVID-19’s “second wave” across Europe in January 2021, the research found that 83% of UK consumers are concerned about infection risk when it comes to shopping and paying in-store.

The research also

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Berkshire Hathaway unveils financial results

spike 23 hours ago

Broken down, here’s where the US$42.5 billion came from:









Source

Net earnings (loss) attributable to shareholders

Insurance – underwriting

US$657 million

Insurance – investment income

US$5.04 billion

Railroad

US$5.16 billion

Utilities and energy

US$3.09 billion

Manufacturing, service, and retailing

US$8.3 billion

Investment and derivative gains/losses

US$31.59 billion

Other

(US$11.32 billion)

 

In its

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Malaysia’s insurers turn in “robust” performance during pandemic

spike 1 day ago

Malaysia’s general insurance industry was able to weather the COVID-19 pandemic in 2020, outperforming the country’s overall economy, according to a report by Malaysian Re.

The report, which was produced in cooperation with Switzerland-based Faber Consulting, revealed that while Malaysia’s GDP is expected to have dropped by 4.5% in 2020, general insurance premiums remained almost stable.

The decrease in GDP is a swing of roughly nine percentage points from the initial forecast of 4.4% growth for 2020. Despite the government giving economic stimulus packages of around MYR300 billion (SG$99 billion), the country is expected to have missed out on close

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