Leadership & Strategy
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 ...
Buffett Seeks More Elephants
Warren Buffett's Berkshire Hathaway Inc. on Saturday signaled he plans to make more large acquisitions to expand a conglomerate that posted a record profit in 2013, helped by a recovering U.S. ...
Businesses with Investment Bankers on Their Boards Make Better M&A Deals: Research
Corporations with board directors who have investment banking experience are more likely to acquire other businesses—and make better acquisitions when they do—according to a new study from the ...
XL Group Announces Acquisition of Global Ag Insurance Services
XL Group announced Wednesday that XL Reinsurance America Inc., a subsidiary of XL Group plc, has acquired Global Ag Insurance Services, a crop insurance provider based in the western United States. ...
ACE Establishes Eurasia & Africa Region Business; Names Regional Leader
ACE Group announced today that it has established a new business region, Eurasia & Africa, as part of its Overseas General division—the general insurance operations of the company outside North ...QBE 2013 Loss As Expected; U.S. Mid-Market Biz Under Microscope: CEO
There were no surprises when QBE published its year-end financial results on Tuesday, with a $254 million after-tax loss on the bottom line nearly matching a preannounced estimate delivered by the ...
Rolls-Royce Drone Ships Promise Safer, Cheaper Cargo Industry
In an age of aerial drones and driverless cars, Rolls-Royce Holdings Plc is designing unmanned cargo ships. Rolls-Royce's Blue Ocean development team has set up a virtual-reality prototype at its ...Swiss Re Acquires Stake in Colombian Surety Company
Swiss Re Corporate Solutions and owners of Compañía Aseguradora de Fianzas S.A. Confianza ("Confianza") have signed an agreement under which Corporate Solutions will acquire a 51 percent stake in ...