Markets
Andersen Named Aon President as Former Co-Leader O’Connor Exits
Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm's CEO. Since May 2018, Andersen and Michael O'Connor had served as Aon co-presidents. Aon said O'Connor is departing ...
But Wait. Here’s ‘The Rest of The Story’ on Buffett’s Lubrizol
In his firm's annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of the companies his conglomerate bought in 2011 for $9 billion, a company called ...
Global Financial Firms Risk $1 Trillion in Losses if Slow to Act on Climate Change
The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new ...
Saudi Arabia Seeks to Raise Insurer Capital Requirements
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom's overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The ...
Berkshire Hathaway 2019 P/C Insurance Profit Disappoints
Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from ...
Kingdollar Comments: Emerging Risk Issues Left Out of Algorithms
Emerging issues occur far more frequently than "black swans" and include more than just "casualty catastrophes." Still, such issues have, and will continue to, cost the property/casualty insurance ...
Majority of Smart Home Device Owners Willing to Share Data With Insurers—for a Discount
While privacy remains a concern, 78 percent of smart home device owners are open to sharing their data with their insurer to assist in policy pricing, but most (65 percent) would only do so if ...
Berkshire Hathaway Operating Profit Drops; Insurance Results Disappoint
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its ...