January 28, 2015
Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance, said it hired Darryl DeSouza from American International Group …
January 26, 2015
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. PartnerRe shareholders will own 51.6 percent of the new company after …
January 5, 2015
Warren Buffett said last year that Berkshire Hathaway Inc.’s future will be about buying big businesses and expanding them over time. As he celebrates his golden anniversary running the company, investors are rallying behind the idea. Shares of the Omaha, …
December 19, 2014
The sale of a Fireman’s Fund unit from Allianz SE to Ace Ltd. stands to further diminish an iconic U.S. insurance brand that dates to the 1800s. The buyer said Thursday that it will integrate the operation, which caters to …
December 11, 2014
James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs Group Inc., raised $231 million in an initial public offering, pricing its shares below the marketed range. Existing investors Shaw …
December 8, 2014
The insurer that ridesharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it’s more willing than competitors to invest in junk-rated loans. James River Group Holdings Ltd. outlined its strategy this way in …
November 14, 2014
Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said Chief Executive Officer Jay Fishman has been diagnosed with a neuromuscular condition. “While fortunately it has so far been slow progressing, you may soon see me with …
October 9, 2014
Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this year from about …
September 24, 2014
Robert Benmosche, who led American International Group Inc. for half a decade, said an emerging challenge from Warren Buffett’s Berkshire Hathaway Inc. hasn’t amounted to much so far. Buffett’s firm recruited AIG executives beginning last year to expand commercial coverage …
September 8, 2014
As far as natural perils go, August was mostly about earthquakes, along with a few tropical storms and typhoons around the world to add to the trouble, according to Aon Benfield’s Impact Forecasting in its latest global catastrophe report. Earthquake …