Industry News
Marsh: Global Property Insurance Rates Drop in Q1
Heavy competition, plus plenty of capacity and very few major events combined to drive global property insurance rates down lower in the 2014 first quarter, a new Marsh report concluded. Marsh's ...
Investors Pepper Warren Buffett With Tough Questions
Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway ...
Berkshire Primary Ops Show Double-Digit Profit, Premium Gains in Q1
Berkshire-Hathaway's primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent ...
XL Group Selling Life Re Biz for $570M
XL Group plc owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in cash. XL CEO Mike McGavick said the deal represents "another strong step forward ...
AIR Worldwide, Association of British Insurers Ally on Non-Modeled Risks
Catastrophe risk modeling firm AIR Worldwide collaborated with the Association of British Insurers and other industry experts on a detailed paper outlining the challenges of non-modeled catastrophe ...
Persistent Storm Leads to Massive Flooding In Two More States
It's become the storm that won't quit. After dropping multiple tornadoes, thunderstorms, heavy rains and flooding on states through the Southeast and Midwest, the mega-weather system has now ...
Berkshire Hathaway Delivers In a Weaker Stock Market
A ho-hum stock market so far this year may be just what Berkshire Hathaway shareholders needed. As they gather this week at the sprawling conglomerate's annual meeting in Omaha, Nebraska, and rub ...