Performance
Allstate’s Wilson Cites Esurance Improvements, But Struggles Remain
For Allstate, the bid to make its online auto and home insurance provider Esurance a profitable endeavor remains a long-term goal. But the 2015 second quarter showed some moderate progress. Esurance ...
Warren Buffett’s 50th Year Running Berkshire Hathaway Marred By Stock Slump
Berkshire Hathaway Inc. shares traded near record highs at the beginning of Warren Buffett's 50th year running the company. More recently, the stock has begun to sag. Shares have slumped 5.2 percent ...
Hannover Re Benefits From P/C Earnings Surge
Hannover Re, the world's third-largest reinsurer, said second-quarter profit rose 19 percent, as lower catastrophe claims helped a surge in earnings from property and casualty. Net income increased ...
A.M. Best Issues Ratings Downgrade For PartnerRe; S&P Goes ‘Negative’
PartnerRe's agreement to be acquired by Italian investment firm EXOR for $6.9 billion rather than merge with AXIS Capital Holdings drew a swift rebuke from A.M. Best, which downgraded its financial ...
Berkshire Hathaway Specialty Targets Australia/New Zealand Marine Insurance Market
Berkshire Hathaway Specialty Insurance Company is diving into marine insurance underwriting in both Australia and New Zealand. BSHI said it has appointed Dimitry Zilberud as head of marine, and Mark ...
XL Catlin Already Realizing Benefits of M&A Deal With Income/Premium Gains
XL Group, corporate parent of the newly merged XL Catlin, saw some real benefits from consolidation in the 2015 second quarter - its first as a combined company. Net income for Q2 reached $915 ...
AIG’s Commercial P/C Underwriting Unit Faced Continued Q2 Struggles
Insurer American International Group Inc reported a 5.6 percent jump in quarterly operating profit, driven by investments in one of China's biggest insurers and earnings from aircraft leasing company ...
Allstate’s Auto Claims Surge in Q2, Leading to 45% Slide in Quarterly Profit
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit plunged 45 percent on a surge in claims from automobile coverage. Net income declined to $355 ...