Leadership & Strategy
RLI Scores With a Solid Q2
Specialty insurer RLI Corp. closed its 2014 second quarter with higher underwriting income and net earnings, greater book value, and growth in premiums earned. But the Illinois company still faced a ...
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
M&A Adviser MarshBerry Nabs Re Broker, Investment Banker Gill & Roeser
MarshBerry has acquired the assets of Gill & Roeser, Inc., a New York City based boutique investment banking and reinsurance intermediary firm. Gill & Roeser is an independently-owned capital ...
Eight New Companies Join Ward’s Annual Top 50 P/C Ranking
Eight new nominees join Ward Group's 2014 roundup of the 50 top performing property/casualty insurers. The recently released analysis crowns the best performers out of more than 3,000 companies in ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...
NAIC Explores Revamp of How it Conducts Business
The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit ...
Warren Buffett Gives $2B to Gates Foundation
Warren Buffett, the second-richest person in the U.S., made his largest single charitable contribution with a gift of $2.1 billion to the Bill and Melinda Gates Foundation as he seeks to encourage ...
Iron-Starr Forms Underwriting Alliance With Hamilton Re
Ironshore Inc. has announced the addition of Hamilton Re as a subscribing insurer to the Iron-Starr Excess Agency Ltd. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. and Starr ...