Specialty
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. ...
QBE North America Launches Specialty Casualty Business
QBE North America has launched a new Specialty Casualty business that will offer admitted and non-admitted primary, lead umbrella and excess liability products, targeting a wide range of business ...
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 ...
Inflation Boosts W.R. Berkley Top Line to Record Level as Exposures Grow
While investment analysts continue to track commercial insurance rate hikes for property/casualty insurance carriers, exposure growth was an important contributor to a top-line record for the first ...
RLI Combined Ratio Dips Below 80 for First-Quarter 2022
A sub-100 combined ratio is what publicly traded property/casualty insurance carriers strive to report. The sub-90s combined ratios that many carriers reported in 2021 are even better. A sub-80? That ...
New Jersey Diocese Reaches $87.5M Settlement with Sex Abuse Claimants
The Catholic Diocese of Camden, N.J., and the committee representing about 300 survivors of clergy sexual abuse have reached an $87.5 million settlement that will establish a trust to compensate the ...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results
In a media statement Friday, Paris-based SCOR said the company expects a first-quarter 2022 charge in the high double-digit EUR million range for potential claims related to the Russia-Ukraine ...