Industry News
GEICO Wants to Expand Ridesharing Policy Nationally: CEO Nicely
Giant auto insurer GEICO plans to roll out its new ridesharing insurance policy across the country, according to the company's CEO. "We want to insurer Uber drivers," GEICO CEO Tony Nicely told Liz ...
Aspen Plans $500M Share Repurchase Program
Aspen Insurance Holdings Ltd. announced plans to move ahead with a $500 million share repurchase program in 2015. The plan is effective through Feb. 6, 2017, and enables Aspen to pursue share ...
Warren Buffett Wants to Buy More Companies Abroad
Billionaire investor Warren Buffett said on Wednesday he is likely to buy a small business in Western Europe and he would like to buy more businesses abroad. "We'd like to buy more businesses around ...
AIG Exec to Lead Berkshire Hathaway Specialty Insurance’s Energy Risk Expansion
Berkshire Hathaway Specialty Insurance said its U.S. property underwriting division will now include energy and related technical risks, and an AIG executive has been named to lead the new line of ...
EXCLUSIVE: Spain’s MAPFRE Grabs MiddleOak’s Personal Lines Business
Spanish insurance giant MAPFRE SA has said it wants to expand and is eying acquisitions in both Europe and the U.S. Barely two months into 2015, it has pulled the trigger on one such deal in New ...
Good Weather Helped Allstate’s Profit Beat Estimates; Massive Buyback Planned
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said it would repurchase as much as $3 billion of its stock as fourth-quarter profit exceeded analysts' estimates. ...
W.R. Berkley Sees a Q4 Dip in Net Income
W.R. Berkley Corp. reported a stellar fourth-quarter in terms of premium growth, but net income dipped at year-end due in part to investment return challenges. Berkley's 2014 Q4 net income is booked ...
AXIS CEO Benchimol Sticks to Script on $11B PartnerRe Merger Deal
Early on in the fourth-quarter earnings call for AXIS Capital Holdings Ltd., company president and CEO Albert Benchimol warned that he and his team would be able to say very little about a planned ...