Reinsurance
GEICO Drags Down Berkshire Hathaway’s Q2 Insurance Earnings
Berkshire Hathaway's insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate's GEICO unit dragged down ...
As Workers Return to Office, Insurers Worry About COVID-19 Discrimination Claims
Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of discrimination claims as employers call staff back to their desks after ...
Competitors Poached Talent as Aon/WTW Merger Plans Grew Uncertain
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the "distraction and ...
Updated: Moody’s to Pay $2B for Daily Mail’s RMS Cat Modeling Unit
The publisher of Britain's Daily Mail said on Thursday it had agreed to sell its insurance risk business RMS to Moody's Corporation for about 1.425 billion pounds ($1.99 billion) in cash. Chief ...
Markel’s Q2 Informed by Strong Premium Gains, Except for Workers Comp
Markel Corp.'s second quarter saw a dip in net income even as rate hikes and business growth led to substantial gains for earned premiums. Its combined ratio also came in at a healthy level. "Our ...
Willis Re Sale May Still Happen, Willis Towers Watson CEO Confirms
Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell ...
How Reinsurers’ Results Rebounded in First Half 2021 From 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...