Assets & Investments
GHRA to Launch Insurance Research; Wilt, Zimmermann Lead Analysts
Gordon Haskett Research Advisors, an independent research organization, announced that the firm is launching insurance industry equity research with veteran analysts Bill Wilt and Alan Zimmermann ...
S&P Negative Watch For Berkshire Hathaway Hits Nearly 1,000 Muni Bonds
Municipal bonds from California to Puerto Rico may lose their second-best credit rating from Standard & Poor's after the company put Berkshire Hathaway Inc. and its core insurance units on a ...
Google, Berkshire, 8 Others Commit to Renewable Energy Investments
Some of the biggest U.S. corporate names offered their support—and billions of dollars in green financing pledges—to buttress the Obama administration's quest for a global agreement on combating ...
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...
Allstate Ramps Up Bond Trading as Wall Street Retreats, CEO Says
Allstate Corp. Chief Executive Officer Tom Wilson has increased bond trading to boost returns as Wall Street scales back from making markets. "We're a big player in the fixed-income market, we have ...
IMF Cautions U.S. on Global Economic Turmoil; Urges National Insurance Regulator
A global slowdown in economic growth, together with political and economic upheaval in places like Greece, the Middle East and Ukraine, could hurt U.S. growth going forward, the International ...
Buffett’s Berkshire Hathaway Grabs $388M Stake In Australia Insurer
Warren Buffett's Berkshire Hathaway Inc. will pay A$500 million ($388 million) for a stake in Insurance Australia Group Ltd. as part of a plan to expand in the region. The agreement will give ...
ECB Warns of Record Low Interest Rate Threat to Insurers
The European Central Bank (ECB) said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could ...