Thorsten Schier

New York

Managing Editor at Insurance Insider US

Managing editor at Fastmarkets Americas. Steel nerd and King Crimson enthusiast. Opinions my own

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Articles

Postcard from RIMS: Market complexity mirrored by Chicago weather

1 week ago | insuranceinsiderus.com | Kyoung-son Song |Adam Kovac |Thorsten Schier

This year’s annual Riskworld conference reflected typical Chicago May weather: certainty was hard to come by. This was perhaps no surprise as the conference came at a particularly tumultuous time for the US insurance industry and the economy at large. In... Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Tariffs, casualty the biggest risks facing risk managers: Marsh’s Sartain

1 week ago | insuranceinsiderus.com | Thorsten Schier

Geopolitical and economic uncertainty have become key themes at this year’s Riskworld conference, according to Marsh US and Canada president Michelle Sartain. “Many Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Buffett to step down as Berkshire CEO at year end as Abel takes over

1 week ago | insuranceinsider.com | Thorsten Schier

Warren Buffett will step down as Berkshire Hathaway CEO at the end of 2025, handing the reins over to chosen successor Greg Abel. "I Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Buffett to step down as Berkshire CEO at year end as Abel takes over

1 week ago | insuranceinsiderus.com | Thorsten Schier

Warren Buffett will step down as Berkshire Hathaway CEO at the end of 2025, handing the reins over to chosen successor Greg Abel. "I Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Berkshire primary, reinsurance Q1 CoRs soar on $1.1bn wildfire hit

1 week ago | insuranceinsiderus.com | Thorsten Schier

Berkshire Hathaway’s primary and reinsurance units saw their combined ratios soar in Q1 on losses from the Los Angeles wildfires. Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Next-Munich: The last nail in the coffin of InsurTech disruption

1 month ago | insuranceinsiderus.com | Farhin Lilywala |Jairo Ibarra |Thorsten Schier

Last week, Munich Re primary unit Ergo struck a deal to acquire Next Insurance in a bid valuing the Californian InsurTech at $2.6bn, Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Insurance needs to step up its tech efficiency game: Markel’s Kryszon

2 months ago | insuranceinsiderus.com | Thorsten Schier

The insurance industry remains decades behind other financial services in streamlining its value chain, according to Markel CUO Guenter Kryszon. “If Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
2025 cat losses ‘could recalibrate the entire industry’: Zaffino

Feb 12, 2025 | insuranceinsiderus.com | Thorsten Schier

Insured losses this year could tally over $200bn and force structural change, AIG CEO Peter Zaffino said. On a call with analysts, the executive added that this is given that the year started with a largely unexpected loss from the... Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
AIG Q4 CoR increases 3.3 points to 92.5% on higher cats

Feb 11, 2025 | insuranceinsiderus.com | Thorsten Schier

AIG’s Q4 general insurance (GI) combined ratio (CoR) rose 3.3 points to 92.5% on a comparable basis as a result of elevated catastrophe losses partly offset by higher favorable reserve development. Meanwhile, Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
NBS acquisition gives Bridge a foothold in local agencies market: COO Batta

Feb 11, 2025 | insuranceinsiderus.com | Thorsten Schier

Bridge Specialty’s acquisition of Nationwide Brokerage Services (NBS) ticked all the specialty broker’s strategic boxes: cultural and financial fit, synergies and expansion into a new area, COO Anurag Batta told this publication. “Looking Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?