Reinsurance
Markel Co-CEO Whitt to Retire Next Year
Markel Corporation announced Wednesday that Richard R. Whitt III, co-chief executive officer of Markel, plans to retire by March 31, 2023. Upon Whitt's retirement, Thomas S. Gayner, co-chief ...
Dealmaking 101: When Opportunity Comes, You Move, Buffett Says
When opportunity comes, you have to move. That was one of the simple life lessons that Warren Buffett imparted during the six-hour-plus annual meeting of Berkshire Hathaway shareholders on Saturday. ...
Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire
AXIS Capital Holding's chief executive officer would not comment on reports that the company is looking to sell its reinsurance unit. But a market commentary from Wells Fargo Securities said: "Where ...
Argo Group Exploring ‘Strategic Alternatives,’ Including Potential Sale
Argo Group International Holdings Ltd., the Bermuda-based re/insurer, announced that its board of directors has initiated an exploration of strategic alternatives. As part of this process, the board ...
Market Conditions Holding Up Better Than Expected: Markel’s Whitt
While soaring first-quarter underwriting profits and significant investment losses may not have surprised investors in Markel Corporation, continued favorable insurance market conditions aren't quite ...
Say Goodbye to Collateral Requirements for Non-U.S. Reinsurers
Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States—changes that have been more than 20 years in the making. ...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Market Profits
The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by ...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
Swiss Re has secured $1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its "growth ...