Markets
Hallmark Financial Services Pulls in CNA Vet as New CEO
Hallmark Financial Services, an insurance holding company based in Texas, has brought on a veteran executive from Torus Insurance Holdings Ltd. and CNA Financial Corp. as its new CEO. Naveen Anand ...
Berkshire Hathaway’s Stock is How High?
Berkshire Hathaway Inc's share price on Thursday surpassed and closed above $200,000 for the first time, the latest milestone for a company that Warren Buffett has built over nearly five decades into ...
Small Businesses Prefer Personal Lines Insurers, Survey Contends
Insurers writing predominantly personal lines of insurance do a better job in satisfying their small business customers than insurers focused more on commercial lines, a new survey contends. ...
Bond Insurer Pursues Fraud Claims in Lawsuit Over Detroit Pension Debt
A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on ...
Buffett’s Berkshire Hathaway Decides It Likes Cable
Warren Buffett's Berkshire Hathaway Inc reported a $366 million stake in cable TV operator Charter Communications Inc in the second quarter, according to a regulatory filing made public on Thursday. ...
Jana Partners Adds to AIG and Hertz Holdings
Jana Partners LLC, the $10 billion hedge-fund firm run by Barry Rosenstein, bought shares of FMC Corp. and exited stakes in Sirius XM Holdings Inc. and Juniper Networks Inc. during the second ...
44 Carriers Working With Consumer P/C Insurance Portal
Web-based consumer insurance agent portal TrustedChoice.com, created through an alliance of companies, agents and a trade association, now operates in 46 states and has 44 carriers or their ...
Soft Reinsurance Market Jeopardizes Company Financial Ratings: S&P
Property/casualty reinsurers aren't just facing heavy competition, declining premiums and excess capacity. These conditions, over time, could also jeopardize their financial ratings moving forward, ...