Investment Officers
Lawyer Says S&P’s Global Biz at Risk on Australia Liability Ruling
Standard & Poor's global business may be at risk after an Australian judge ruled the company misled investors with triple-A ratings on derivatives whose value plunged during the global financial ...
India Opposition Party Vows More Foreign Investment in Insurance
India's opposition Bharatiya Janata Party will consider raising the cap on foreign investment in the insurance sector from the current level of 26 percent if it comes to power after elections due by ...
Berkshire Posts 11th Straight Year of Underwriting Profit; Buffett Expects Billions from Specialty Ops
Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the ...
Falling Prices Advantage Large Reinsurers, Pressure Smaller Firms
A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers ...
AIA Reports New Business Value, Operating Profit Hit Records
AIA Group Ltd., the second-largest Asia-based insurer, said the value of new business and its operating profit hit records in 2013. The shares rose. AIA reported a 25 percent increase in the value of ...
Business Wire to Stop Selling Direct Access to High-Frequency Traders
Business Wire will no longer let high-frequency trading companies buy potentially market-moving press releases directly from the Berkshire Hathaway unit. In consultation with billionaire investor ...
Federal Reserve Releases Transcripts from 2008 Financial Crisis Meetings
The board of governors of the Federal Reserve System has released transcripts, presentations and other historical materials from the Federal Open Market Committee meetings of 2008 that took place ...
Greenberg’s Post-AIG Conglomerate: a Mini Berkshire Hathaway?
Since his ouster from American International Group Inc. in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a ...