CEO / Chief Executive
Berkshire Profit Climbs on Investments; Insurance Underwriting Income Slipped by More Than Half
Berkshire Hathaway Inc.'s profit rose 8.2 percent in the first quarter as gains at manufacturing units and the investment portfolio overseen by Chairman Warren Buffett offset a slump at insurance ...
Is Ajit Jain’s Plate Too Full? No, Buffett Says
Among the insurance-related highlights of Berkshire Hathaway's annual meeting in Omaha, Neb. was Warren Buffett's answer to a question about succession planning for subsidiaries. "There are no tea ...
Straight Talk From Buffett on ‘Bearded’ Reinsurers
An oversupply of capital is one factor making reinsurance less attractive for Warren Buffett these days, the chairman of Berkshire Hathaway said Saturday—making a specific reference to suppliers ...
CEO Compensation and Long-Term Accounting Performance Are Increasingly Linked
CEO compensation at U.S. public firms is increasingly interlinked with long-term accounting performance. Lingling Wang, an assistant professor of finance at Tulane University, underscores this point ...
The Hartford Slammed by Worsening Auto Losses and Lower Investment Returns
Worsening auto losses and lower investment returns led to a 31 percent decrease in The Hartford's 2016 first quarter net income. The property/casualty insurance giant said it produced $323 million in ...
National General Founder Michael Karfunkel Dies; He Also Launched AmTrust
National General Holdings Corp. said that founder, chairman and CEO Michael Karfunkel – who previously launched AmTrust Financial Services with his brother - has passed away. The New York-based ...
From the Web: More Companies Accentuate the Positive Instead of GAAP Results
Companies are increasingly accentuating the positive elements in their financial results, and trying to downplay the less flattering numbers. As the New York Times reports, regulators still require ...
Market Dislocations Feel Like 2008; Carrier-Distributor Tensions Flare: Berkley
A dislocation in the insurance marketplace that is similar to one that developed in the wake of the global financial crisis in 2008 is creating opportunities for some carriers, the CEO of W.R. ...