Strategy
United Insurance Seeks Better Spread in Florida by Acquiring Sunshine State Insurance
United Insurance Holdings Corp. (UPC) announced Thursday that the company has entered into a non-binding letter of intent to acquire 100 percent of Sunshine State Insurance Company (SSIC), a Florida ...
Troubled Tower Ends Relationship with PwC; Fitch Announces Downgrade, Rating Withdrawal
Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to ...
Endurance to Continue Push for Aspen Deal; First Strategic Combo Since ACE-CIGNA, CEO Says
Executives at Endurance Specialty Holdings said they will continue to try to engage Aspen Insurance Holdings in negotiations related to Endurance's bid to acquire Aspen—a dialogue that Endurance ...
Swiss Re Turns to Former Regulator As Its Latest CRO
Swiss Re is bringing in former financial market-regulator and former executive at the company as its new chief risk officer. The reinsurance giant disclosed on May 7 that Patrick Raaflaub will take ...
Allstate Execs Insist Esurance Is Making Progress
Three years ago, Allstate snatched up direct-to-consumer insurer Esurance, and made it a wholly owned subsidiary, in a bid to reach younger customers through its vast online self-directed consumer ...
Doing It Their Way: Buffett and Munger
Berkshire Hathaway chairman and CEO Warren Buffett and vice chairman Charlie Munger spent more than five hours Saturday answering questions from shareholders, reporters and stock analysts. Here's ...
Buffett Says Berkshire’s ‘Phase Two’ to Stress Strategic Takeovers Rather Than Stocks
Warren Buffett pressed the case at Berkshire Hathaway Inc.'s annual meeting for why takeovers make more sense for the company than the stock picks that propelled growth for decades. The billionaire ...
Strong Euro and Spanish Storms Batter MAPFRE’s Earnings
MAPFRE SA, Spain's biggest insurer, said first-quarter earnings fell 17 percent as the euro's strength limited growth in premiums and winter storm claims weighed on profit in its home market. Net ...