Markets
SCOTUS Refuses to Hear Volkswagen Appeals Over Emissions Tampering Lawsuits
The U.S. Supreme Court on Monday rejected Volkswagen AG's bid to avoid lawsuits filed by officials in three states seeking damages stemming from the German automaker's diesel emissions cheating ...
Buffett’s Berkshire Hathaway Pulls Back from U.S. Drugmaker Investments
Warren Buffett's Berkshire Hathaway Inc said on Monday it eliminated its investment in Merck & Co and reduced its stakes in AbbVie Inc and Bristol-Myers Squibb Co, as it pared its overall stock ...
Hippo Lost Less Money in Q3, Boosted Premiums and Continued Diversifying Distribution Options
Digital home insurer Hippo reduced net losses during the 2021 third quarter and boosted premiums substantially. The California-based InsurTech said it also made progress with its "omni-channel ...
Argo Group Will Sell U.S. Specialty Property Renewal Rights to Westfield Insurance
Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo's ...
The Latest Launches From BHSI and American Family/Bold Penguin
Berkshire Hathaway Specialty Insurance Launched two new D&O products in Germany. American Family-owned Bold Penguin debuted two new artificial intelligence-related products designed to help ...
Executives On The Move at AXIS, Willis Towers Watson and The Geneva Association
AXIS Capital Holdings appointed two executives to leadership positions within its ILS division. Willis Towers Watson a new Global Head of Broking and Broking Strategy. The Geneva Association chose a ...
Major European Reinsurers Report Strong 2021 Earnings to Date, Despite High Catastrophe Losses
All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period last year, according to a report from Fitch Ratings. Sharply lower ...
Berkshire Hathaway’s Gen Re Sets Up Shop in Dubai
The General Reinsurance unit of Warren Buffett's Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said on Monday. Gen Re will provide life ...