Strategy
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 ...
Investors Pepper Warren Buffett With Tough Questions
Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway ...
XL Group Selling Life Re Biz for $570M
XL Group plc owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in cash. XL CEO Mike McGavick said the deal represents "another strong step forward ...
AIR Worldwide, Association of British Insurers Ally on Non-Modeled Risks
Catastrophe risk modeling firm AIR Worldwide collaborated with the Association of British Insurers and other industry experts on a detailed paper outlining the challenges of non-modeled catastrophe ...Willis to Relocate 3,500 Workers as Profit Misses Estimates
Willis Group Holdings Plc plans to eliminate jobs and relocate 3,500 employees, or about 16 percent of its workforce, after reporting first-quarter earnings that missed analysts' estimates. The moves ...
Hamilton Looking for U.S., London Insurance Platforms, Duperreault Says
Days after Validus CEO Ed Noonan told analysts about a goal to expand his group's direct insurance footprint in the United States, Hamilton Insurance Group CEO Brian Duperreault said his company ...
Validus Looking to Grow in U.S. Insurance Market, CEO Says
The chief executive officer of Validus Holdings said that there are growth opportunities for the group's insurance operations in the United States, at a time when growth for the Bermuda reinsurance ...