Reinsurance
NAMIC CEO Chamness Sounds Off on Flood Insurance and Disaster Relief Reform
Reform of the National Flood Insurance Program remains an unresolved issue. Congress must reauthorize the debt-ridden Federal Emergency Management Agency-managed program by March 23. It already has ...
Global Insurers Flock to Luxembourg, Prepping for Post-Brexit Operations
More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country's financial development agency said on Thursday, linking the ...
Brexit Talks at Risk as May Rejects EU Draft Divorce Deal
The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the ...
Bank of England Will Stay Vigilant in Enforcing EU Insurance Rules
The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, ...
2018 Insurance M&A Drivers: Tax Reform, InsurTech and Run-Offs
Tax reform, InsurTech and run-off transactions will be among the big drivers of insurance industry mergers and acquisitions in 2018, according to a new Deloitte report. Deloitte said that the Trump ...
Hurricanes, Wildfires End Berkshire Hathaway’s 14 Consecutive Years of Underwriting Profit
Buffett, 87, Also Offered Few New Hints About His Succession Plans Warren Buffett's Berkshire Hathaway's combination of insurance entities have recorded 14 consecutive years of underwriting profit ...
Buffett’s Berkshire Hathaway Gained From Trump Tax Cuts; Insurance Division Took Cat Cost Hit
Warren Buffett's Berkshire Hathaway Inc. was a big winner from the recent tax overhaul. Book value, a metric he's called a "crude, but useful" way to track the conglomerate's worth, climbed 13 ...
Berkshire Hathaway’s AIG Claims Costs Rose $1.8B Higher
Warren Buffett's Berkshire Hathaway Inc. boosted its estimate of the ultimate cost of a deal it made last year to backstop some risks for American International Group Inc. The company increased its ...