Industry News
Focus on Operating Earnings, Buffett Says; Insurance Ops Add $6B
In the conglomerate's annual report published on Saturday, Berkshire Hathaway Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations ...
Buffett Letter Confirms GEICO Nicely Retirement; Roberts New CEO
Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.'s Geico insurance unit. The letter also offered some perhaps ...
Buffett’s Berkshire Hathaway Reportedly Negotiating to Sell Workers Comp Unit
Warren Buffett's Berkshire Hathaway Inc is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said ...
Two Former Markel CATCo Execs Sue, Alleging Bogus Firing Reasons to Avoid Paying Bonuses
Two fired executives of Markel's Bermuda reinsurance operations are suing Markel, claiming the company created a false narrative alleging they violated corporate policy by having a personal ...
Ex-Gen Re Exec Englesbe Signs on With Arch Capital Group as Chief Risk Officer
A former Gen Re executive will join Arch Capital Group Ltd. as its new chief risk officer. Janice Englesbe will also have the title of senior vice president and was to begin in her new role on Feb. ...
The Latest Launches From Hippo, Assurant and More
Hippo Insurance is linking with Neptune Flood to provide quick flood insurance as part of the home insurance buying process. Home telematics maker Roost partnered with a Montana-based insurer to ...
Word of Mouth Matters When Customers Buy Their Insurance: Facebook
For young and old property and auto insurance customers alike, word of mouth shapes their coverage purchases, according to a new Facebook survey. Where that word of mouth comes from can differ, ...
Lloyd’s Chairman Carnegie-Brown Reflects on Life of Former Chairman Rowland
Bruce Carnegie-Brown, chairman of Lloyd's, issued this market bulletin on Feb. 18, 2019 about the life and death of Sir David Rowland, who was chairman of the market between 1993 and 1997. It is with ...