Performance
Liberty Mutual Discloses Major Q3 Gains
Liberty Mutual Holding Company concluded its 2014 third quarter with another jump in net income, higher revenues, a new reinsurance agreement and more than $1 billion in debt raised to help ...
Cyber Attacks Hit Catalan Govt. Computers During Independence Vote
Catalan government computer systems were attacked by professional-style hackers during the disputed independence vote on Nov. 9, putting basic services at risk, Regional President Artur Mas said. The ...
P/C Profits Nearly Quadruple for Berkshire in Q3; Premiums Climb 50%
While investment losses pulled net income for Warren Buffett's Berkshire-Hathaway down 8.6 percent to $3.6 billion in third-quarter 2014, a 40 percent jump in operating income for the group's ...
Buffett’s Tesco Investment Fuels 3Q Profit Drop for Berkshire
Warren Buffett's Berkshire Hathaway Inc. said third-quarter profit slipped 8.6 percent on investment results, including an impairment on a holding of U.K. retailer Tesco Plc. Net income fell to $4.62 ...
Swiss Re’s P/C Reinsurance Unit Excelled in Q3
While the property/casualty reinsurance industry continues to be hammered by heavy competition and soft pricing, Swiss Re can celebrate its 2014 third quarter results. The Zurich company reported a ...
Third Point Re CEO Berger Gains Contract Extension
The board of directors at Bermuda's Third Point Reinsurance Ltd. has renewed the contract of CEO John Berger for another three-year term. Berger will also continue as Third Point's Chief Underwriting ...
Munich Re’s Net Income Soared But Still Missed Analysts’ Estimates
Munich Re, the world's biggest reinsurer, posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed- income investments. Net income rose 16 percent ...
ING’s Former Canadian P/C Arm Thrives With Fewer Catastrophe Losses
Intact Financial Corp, Canada's largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company's profit last ...