U.S.
Buffett’s Berkshire Hathaway Reports Sizable Insurance Profit Drop, Driven by COVID-19 and Hurricanes
Warren Buffett's Berkshire Hathaway Inc reported lower quarterly operating results on Saturday and said the coronavirus pandemic may cause further damage, even as gains in stocks such as Apple Inc ...
AIG President Zaffino Makes Case for Life & Retirement Separation
AIG will separate its Life & Retirement division into a standalone company either through an initial public offering or private sale of the unit in stages over time. Which ever option executives ...
Liberty Mutual Propelled by Robust Investment Income to Strong Q3 Results
Liberty Mutual Holding Co. Inc. has reported a 46 percent increase in net income during the third quarter, despite elevated catastrophe losses. The company reported Q3 net income of $397 million, ...
Allianz Saw Unexpected Profit Rise; Insurer Still Cautious About Outlook
German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering an unexpected 6% rise in third-quarter net profit. Allianz, ...
AIG Q3 Net Income Experiences Large Drop; Catastrophe Losses Soar
American International Group saw its 2020 third quarter net income plunge by more than half compared to a year ago, a result that was shaped partly by higher natural catastrophe losses. Net income ...
Allstate Q3 Net Income Jumps Nearly 27 Percent
The Allstate Corp. reported a nearly 27 percent increase in its third quarter net income, primarily due to higher auto insurance underwriting income and net realized capital gains. Allstate's third ...
Q3 Global Commercial Insurance Pricing Rockets 20 Percent Higher: Marsh
Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh ...
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...