insurance News
EU Must Guard Against UK Seeking Post-Brexit Regulatory Edge: Merkel
German Chancellor Angela Merkel said the European Union needs to guard against the U.K. gaining an economic edge by easing regulation when it leaves the bloc. On day one after Brexit, the U.K. will ...
Bermuda Insurers, Reinsurers Hammered by Ogden Rate Change, More Natural Catastrophe Losses
A big change in the Ogden rate and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor's said in ...
More China Insurance Regulators Reportedly Under Scrutiny
Chinese investigators have questioned at least two more officials at the nation's insurance watchdog after starting a probe into the agency's former top official Xiang Junbo, according to a person ...
Warren Buffett: ‘If I Die Tonight, I Think the Stock Would Go Up Tomorrow’
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., assured shareholders that they'll be fine after he's gone. "If I die tonight, I think the stock would ...
EU Brexit Negotiator Takes Hard Line on Upcoming Talks
The European Union reinforced its hard-line approach to the looming Brexit negotiations, threatening to inflame mounting tensions with the U.K. over money and sovereignty even before talks begin. ...
Markel Corp. Blames Ogden Rate Decrease for Disappointing Q1
Markel Corp's 2017 first quarter slumped in a major way, with a drop in net income and a rise in its overall combined ratio. The holding company for insurance, reinsurance and global investment ...
AXIS Reports 2017 Q1 Net Income Dented by Multiple Factors
AXIS Capital Holdings reported a drop in 2017 first quarter net income and a climb in its combined ratio, a trend reflecting both one-time costs plus more catastrophe and weather-related losses. The ...
W.R. Berkley Hires Ex-Goldman Sachs Analyst to Assess Emerging Tech Company Investments
W.R. Berkley Corp. has hired a former Goldman, Sachs & Co. analyst to evaluate potential investments in emerging insurance technology companies. The executive, Michael Nannizzi, will be part of ...