Leadership & Strategy
Insurance Ops Still AA+ At Berkshire, But S&P Cuts Holding Co. Credit Rating
Applying a new group rating methodology to its assessment, Standard & Poor's lowered the counterparty credit rating for Warren Buffett's Berkshire Hathaway Inc. by one notch—to "AA" from ...
Controversial Global Accounting Rule Alters Treatment of Property, Equipment Leases
Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from ...
Investment in Developing Countries to Triple by 2030: World Bank
The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial ...
Emerging Markets Stoking Insurance Growth: Munich Re
Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the world's biggest reinsurer, Munich Re. In a study published on ...
Giant Insurer, Home for Struggling Women End Bitter Battle Over Property
An insurance company has bought out a nonprofit home for struggling women in Cincinnati in a deal announced this week, ending a bitter two-year court battle over the historic property in a ...
CEOs & The Itch To Quit
On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds." A handful of recent shock departures by 50-something chief executives ...
Fireman’s Fund Chief Tackles Sesquicentennial, Market
Choosing a historic icon that stood after San Francisco's Great Earthquake and massive fire more than 100 years ago was a deft, almost poetic, public relations concept to celebrate Fireman's Fund ...
Lack Of Visibility On Buffett Successor A Concern—But Not Enough To Tip Best Ratings
A.M. Best affirmed the "A++" financial strength rating and "aaa" issuer credit ratings of Berkshire Hathaway's National Indemnity Co. and its affiliates on Wednesday, while commenting on the lack of ...