FBD Holdings plc said its plans to meet new solvency rules next year are on track as the Irish insurer struggles to return to profit and Andrew Langford unexpectedly quit as chief executive officer last week. Dublin-based FBD said it’s …
Irish state-owned health insurer Vhi Insurance DAC borrowed money from Warren Buffett’s Berkshire Hathaway Inc. to help avoid a bailout as the company comes under central bank regulation for the first time. Berkshire gave Vhi a 90 million-euro [$97.6 million) …
Chris Fischer Hirs, the head of Allianz SE’s specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. “Hedge funds bring capacity to the market,” Fischer Hirs said …
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 Berkshire 20 percent of IAG’s insurance premium …
Gen Re announced that Paul Ceurvorst will retire as CEO of Faraday in March 2016. Pietro Toffanello will become CEO of Faraday upon Ceurvorst’s retirement, subject to UK regulatory approval. Mark Rayner will continue to serve as chief underwriting officer …
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a crime protection policy along with a new executive impersonation coverage endorsement for large public and private companies in Canada. “Designed by BHSI executives with more than three decades in the fidelity and …
Giant auto insurer Geico said Monday it is hiring more than 300 associates in 2015 to add to its office in Woodbury, located in Long Island, New York, as well as for legal offices located throughout Long Island, New York. …
Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has received its insurance license to provide all lines of general business in Australia, established operations in Sydney, and named Chris Colahan as president of its Australasia region. “BHSI is committed to …
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 …
Berkshire Hathaway’s healthcare liability insurance unit, MedPro Group, has appointed Charles “Chuck” Colburn as president of its newly-formed senior care division. He is based in Chicago. Before assuming his new leadership role at MedPro, Colburn led the aging services department …
