Commercial Lines
Buffett Points to Greg Abel as His Likely Successor at Berkshire Hathaway
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate's non-insurance businesses, would be named chief ...
MGA Startups During COVID Helped Accelerate Digitization: InsurTech Forum Preview
One of the more intriguing InsurTech trends over the last year has been an accelerated push by MGA startups to make insurance easier for consumers in a variety of ways. COVID-19 propelled that ...
Berkshire Hathaway’s Q1 Insurance Underwriting Income Rebounds; Reinsurance Results Mixed
Berkshire Hathaway saw its insurance earnings improve dramatically overall, after taking a hit the previous year when COVID-struck the world. The Warren Buffet-led conglomerate produced $764 million ...
Buffett Said Berkshire Hathaway Benefited From U.S. Economy’s Unexpected Strengths
Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making ...
MarshMcLennan Fills Talent Pool in Wake of Marked Disruption Caused by Aon-Willis Merger
It has not happened yet but the proposed merger of large global insurance brokers Aon and Willis Towers Watson is already being felt at competitor MarshMcLennan. MarshMcLennan is capitalizing on the ...
Liberty Mutual Places Australian Coal Project on Hold, Seeking Alternatives
U.S. insurer Liberty Mutual will not be filing an environmental impact assessment for a coal project in Australia, it said on Friday, missing a deadline as it weighs alternatives for the proposed ...
Executives On The Move at W.R. Berkley Corp. and Global Indemnity Group
The insurer W.R. Berkley Corp. named a new leader for its Berkley Re UK arm. Global Indemnity Group LLC hired a veteran executive to be chief executive of its insurance operations as well as a member ...
Insurers Reluctantly Will Abide by New Credit Scoring Ban
The American Property Casualty Insurance Association said its insurers will following the law where it concerns Washington Insurance Commissioner Mike Kreidler's emergency regulation banning the use ...