Warren Buffett Saturday launched a strong defense of Berkshire Hathaway Inc.’s $5 billion investment in Goldman Sachs Group Inc. and the investment bank’s embattled chief executive, Lloyd Blankfein. Speaking at Berkshire’s annual meeting before an estimated 40,000 shareholders, Buffett’s forceful …
Keystone Insurers Group (KIG) has added two more to its growing list of partner agencies. Jessie Insurance Agency of Campbellsville and Insurance Service Centers of Southeast Kentucky increase to 16 the number of KIG partners in Kentucky and join KIG’s …
The Bermuda-based Everest Re Group reported a net loss of $22.7 million, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6 million, or $1.76 per diluted common share, for the first quarter of …
Bermuda-based Aspen Insurance Holdings Limited reported a net profit after tax for the first quarter of 2010 of $18.3 million and operating earnings of $0.01 per diluted ordinary share, compared to a net profit after tax of $91.4 million, and …
ACE Limited reported from its headquarters in Zurich that net income for the quarter ended March 31, 2010, totaled $755 Million, compared to $567 million in Q1, 2009. Net income was $2.22 per share, compared with $1.69 per share for …
Despite sizable losses from late season, East Coast storms, New Jersey-based Selective Insurance Group swung to a first quarter profit of $5.8 million, a positive change from the $12.9 million the insurer lost in the year-ago quarter. The profits include …
Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in “the range of $60-$70 million.” The bulletin added that these “losses are expected …
The Hartford Financial Services Group, Inc. reported first quarter 2010 net income of $319 million. Property and casualty net income rose $145 million, to $257 million for the first quarter of 2010, compared with $112 million for the prior year …
Bermuda-based Montpelier Re Holdings reported net income of $9.9 million ($0.13 per share) for the first quarter of 2010, and an operating loss of $23 million (-$0.31 per share). The reinsurer posted a $94 million loss, net of reinstatement premiums, …
Bermuda-based RenaissanceRe Holdings reported net income available to common shareholders of $165.0 million or $2.73 per diluted common share in the first quarter of 2010, compared to $97.3 million or $1.57 per diluted common share for the first quarter of …
