Markets
Markel Co-CEO Whitt to Retire Next Year
Markel Corporation announced Wednesday that Richard R. Whitt III, co-chief executive officer of Markel, plans to retire by March 31, 2023. Upon Whitt's retirement, Thomas S. Gayner, co-chief ...
35% of Workplace Injuries Occur During First Year: Travelers
A new study by Travelers of workers compensation claims found that 35 percent of injuries occur during employees' first year on the job, regardless of age or industry experience. "Our data ...
Dealmaking 101: When Opportunity Comes, You Move, Buffett Says
When opportunity comes, you have to move. That was one of the simple life lessons that Warren Buffett imparted during the six-hour-plus annual meeting of Berkshire Hathaway shareholders on Saturday. ...
State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event
There wasn't a lot of talk about auto insurance at this year's annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one ...
QBE North America Launches Specialty Casualty Business
QBE North America has launched a new Specialty Casualty business that will offer admitted and non-admitted primary, lead umbrella and excess liability products, targeting a wide range of business ...
Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire
AXIS Capital Holding's chief executive officer would not comment on reports that the company is looking to sell its reinsurance unit. But a market commentary from Wells Fargo Securities said: "Where ...
Argo Group Exploring ‘Strategic Alternatives,’ Including Potential Sale
Argo Group International Holdings Ltd., the Bermuda-based re/insurer, announced that its board of directors has initiated an exploration of strategic alternatives. As part of this process, the board ...
Market Conditions Holding Up Better Than Expected: Markel’s Whitt
While soaring first-quarter underwriting profits and significant investment losses may not have surprised investors in Markel Corporation, continued favorable insurance market conditions aren't quite ...