Florida’s Hurricane Cat Bonds Enjoy Robust Boom

In 2008, Florida's government-run property insurer paid Warren Buffett $224 million to agree to buy its debt if a major storm struck. Six hurricane-free years later, the state is turning investors ...

Allied World Gains Australian Beachhead

Switzerland's Allied World Assurance Company Holdings, AG is continuing its expansion in the Asia Pacific region with the launch of a new office in Australia. Allied World said in a press release ...

Berkshire Specialty Treks Into Travel Coverage

Berkshire Hathaway Inc.'s Peter Eastwood, hired last year to expand into more insurance niches, is pushing into travel coverage in the latest challenge to American International Group Inc., his ...