Reinsurance
Double-Digit Drop in Q3 Profit for Insurance Ops at Buffett’s Berkshire
Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General ...
Election Uncertainties Prompt Fairfax’s Watsa to Dump U.S. Treasuries
Fairfax Financial Holdings Ltd., the Canadian holding company run by value investor Prem Watsa, sold almost all of its long-dated U.S. Treasuries amid global uncertainty, including the outcome of the ...
Struggling Greenlight Capital Re Hit With A.M. Best Ratings Downgrades
Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn't moved fast enough for A.M. Best, which slapped it with credit ratings ...
AIG’s Mixed Results Lead to Stock Drop, Wall Street Skepticism
American International Group Inc.'s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international ...
UK Court Rules Brexit Can’t Start Without Parliamentary Vote
The U.K. must hold a vote in Parliament before starting the two-year countdown to Brexit, a panel of London judges decided, setting up a constitutional confrontation at the country's Supreme Court ...
Markel’s Combined Ratio Soars Due Partly to Medical Malpractice Troubles
Markel Corp. saw its net income plunge during the 2016 third quarter and its combined ratio soar by 10 points versus the previous year. The insurer blamed, in part, "unfavorable development" in its ...
Brexit Talks Could Get ‘Quite Vicious’
U.K. Prime Minister Theresa May was warned by her Irish counterpart that the upcoming Brexit talks may prove "quite vicious" as a panel of judges prepared to rule on whether she alone can begin those ...
Blockchain in Insurance: Applications and Pursuing a Path to Adoption
Blockchain, or distributed ledger technology, quickly has become a fixation in the financial services industry as a result of its potential to revolutionize and transform our thinking about data ...