Reinsurance
Underwriting Losses Depress Berkshire Hathaway’s Q2 Profit
Warren Buffett's Berkshire Hathaway Inc. is finding it hard to grind out higher profits this year, in large part because of slumping results at its insurance businesses. Gains at the conglomerate's ...
Liberty Mutual’s Ironshore Acquisition Helps Buttress Q2 Results
Liberty Mutual reported an improved 2017 second quarter, with a big jump in net premiums written and net income driven by its $3 billion acquisition of property/casualty specialty insurer Ironshore ...
AIG Follows Travelers, Chubb in Scaling Back Wall Street Guidance
Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned ...
WannaCry, Petya Cyber Attacks Cost Europe’s Companies Hundreds of Millions of Dolllars
Global hackers have unleashed a brace of attacks in recent months, but while their haul in bitcoin has been paltry, the revenue hit to companies infected is reaching into the hundreds of millions of ...
M&A, Despite Market Risks, Will Continue at Slower Pace: S&P Prediction
Property/casualty insurers and reinsurers continue in 2017 to seek scale in a tough market through mergers and acquisitions. The pace has slowed considerably, however, and Standard & Poor's sees ...
Executives On The Move at BHSI and JLT Specialty USA
An insurance industry veteran of Chubb and Mitsui Sumitomo, among other companies, is joining Berkshire Hathaway Specialty Insurance Company to help launch its new Dublin office. JLT Specialty USA ...
UK Official: Brexit ‘Won’t Be Postponed or Delayed’
U.K. Chancellor of the Exchequer Philip Hammond said Brexit will still go ahead in March 2019 in spite of disagreements in Prime Minister Theresa May's cabinet over a transition period to help ...
Commercial Drone Startup Atlas Dynamics Raises $8M; Market Focus Includes Insurance Industry
A commercial drone startup based in Latvia with an eye, in part, on the insurance industry has raised $8 million in funding. Atlas Dynamics declined to disclose its specific investors, other than ...