Industry News
Warren Buffett’s Likely Successors Speak Up at Berkshire’s Annual Meeting
Berkshire Hathaway Inc.'s annual shareholder meeting often features questions about the challenges and strategies of whoever succeeds Chief Executive Officer Warren Buffett. This year, investors got ...
Berkshire Hathaway Swings to Profit; GEICO Underwriting Profit Rises
Warren Buffett's Berkshire Hathaway Inc on Saturday said gains in its stock investments fueled a big first-quarter profit, while improved results from its GEICO auto insurer and BNSF railroad units ...
Financial Institutions Spend Plenty on Cybersecurity, but Money Isn’t Everything
Cybersecurity is becoming a costly endeavor for insurers and other financial institutions, but plan design and implementation can matter even more, according to a report released recently by Deloitte ...
The Latest Launches From Starr and MS Amlin
Starr Insurance Companies is expanding its drone insurance program with a key partner. MS Amlin said it has used a new digital trading product to upgrade a key offering.
Boeing Crash, Storms, Floods Dent Swiss Re’s Q1 Profit
Reinsurer Swiss Re AG's reported an unexpected 6 percent fall in quarterly net profit on Friday as claims from large losses offset higher net premiums and a solid return on investments. Net profit ...
Executives On The Move at AXIS Capital Holdings and Hamilton Re
A Chubb veteran is joining AXIS Capital Holdings Ltd. as its Group Chief Actuary. Hamilton Re promoted an executive to the role of senior vice president, Risk & Analytics.
Argo Group, Challenged by Shareholder Voce Capital, Sees Q1 Jump in Net Income
Argo Group is reporting a healthy increase in net income for its 2019 first quarter even as activist shareholder Voce Capital Management continues to allege excessive spending practices by the ...
Munich Re Subsidiary Sells Turkish P/C Arm to German Insurer Talanx
The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary. Financial details of the transaction where not disclosed. Talanx purchased ERGO ...