Strategy
Buffett’s Berkshire Hathaway Pulls Back from U.S. Drugmaker Investments
Warren Buffett's Berkshire Hathaway Inc said on Monday it eliminated its investment in Merck & Co and reduced its stakes in AbbVie Inc and Bristol-Myers Squibb Co, as it pared its overall stock ...
Berkshire Hathaway’s Gen Re Sets Up Shop in Dubai
The General Reinsurance unit of Warren Buffett's Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said on Monday. Gen Re will provide life ...
Insurers Plan to Boost Their Private Market Investments: BlackRock
Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, ...
Hannover Re Sells Stake in Joint Venture to Refocus as Pure Reinsurer
Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. HDI Global SE will then hold 100% of the ...
Climate Change Puts Financial Heat on Insurers and Policyholders Alike
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of ...
Investor Ire Over Lemonade’s Metromile Deal Overshadowed Generally Encouraging Q3 Results
Lemonade's decision to acquire struggling pay-per-mile auto insurer Metromile, along with a loss ratio that spiked higher, initially drowned out news of otherwise encouraging results from the ...
AIG CEO Zaffino Urges Insurers to Plan for More Climate Change-Related Catastrophe Losses
AIG President and CEO Peter Zaffino urged the insurance industry to acknowledge that more frequent and severe catastrophe losses are likely here to stay, and plan accordingly. "We've never seen ...
AIG CEO Zaffino Promises 2022 IPO for Portion of Life/Retirement Business
American International Group remains on track to sell of part of its Life & Retirement unit through an IPO in the first half of 2022, according to company President and CEO Peter Zaffino. Some ...