Reinsurance
Buffett’s Berkshire Hathaway Tops Profit Forecasts, Despite Trade Drag and Record Cash
Berkshire Hathaway Inc on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and ...
Berkshire Hathaway Reinsurance P/C Premiums Jump, and Other Q3 Earnings Takeaways
For Berkshire Hathaway Inc., profits from its stake in Kraft Heinz Co. were better late than never. Almost a third of the jump in Berkshire's third-quarter earnings came from finally recording its ...
Insured Losses From Japan’s Typhoon Hagibis Could Reach $11B: RMS Estimate
Insured losses stemming from Typhoon Hagibis in Japan will hit between $7 billion and $11 billion, catastrophe modeling firm RMS is estimating. While last month's Typhoon Faxai was a wind-driven ...
Q3 Catastrophes Push AIG’s P/C Underwriting Results Into the Red
Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses. AIG said that its ...
Executives On The Move at Ironshore, Capital Insurance and Willis Towers Watson
Liberty Mutual's Ironshore chose a new head of its professional and management liability division. Capital Insurance Group promoted one of its veteran executives to the position of senior vice ...
Opinion: States Unwise to Tackle Climate Change by Suing Big Oil
A growing number of cities and states want to turn climate change lawsuits against oil companies into the next tobacco or opioid litigation. In principle, that seems like a truly terrible idea. Such ...
Chubb CEO Greenberg: Insurer Has Reshaped Portfolio in Response to California Wildfires
Some insurers may be facing sizable risks stemming from the latest round of California wildfires now raging, but Chubb Chairman and CEO Evan Greenberg insists his company isn't one of them. "We do ...
Insurers Challenged by ‘New Normal’ of Calif. Wildfires: A.M. Best
The 2019 California wildfire season has not been as active as the record-breaking 2017-2018 seasons, but A.M. Best warns that a "new normal" trend of severe wildfires continues to challenge insurers, ...