Berkshire Hathaway Inc. announced that the Securities and Exchange Commission may file a civil fraud complaint against the chief executive, Joseph Brandon, of its General Re Corp. unit over a questionable insurance transaction. Warren Buffett’s Berkshire Hathaway said Brandon received …
Investigative subpoenas have been issued by Florida Insurance Commissioner Kevin McCarty probing the dealings of 17 reinsurers selling finite risk policies. The companies on the receiving end of the subpoenas, including several Bermuda-based companies and those with offices on the …
Investigative subpoenas have been issued by Florida Insurance Commissioner Kevin McCarty probing the dealings of 17 reinsurers selling finite risk policies. The companies on the receiving end of the subpoenas, including several Bermuda-based companies and those with offices on the …
Two insurance employees will be placed on paid leave as federal officials conduct probes into insurance practices, billionaire investor Warren Buffett’s Berkshire Hathaway Inc. said. In a filing last Friday with the Securities and Exchange Commission, Berkshire officials said an …
The Securities and Exchange Commission is planning to file civil fraud charges against a former executive of General Reinsurance Corp., one of Berkshire Hathaway Inc.’s insurance companies, according to a published report. The New York Times quoted unnamed sources as …
In a joint bulletin General Electric and Berkshire Hathaway announced that GE Insurance Solutions has entered into a letter of intent for the sale of Medical Protective Corporation (MedPro), a professional liability insurer for physicians and dentists, to National Indemnity, …
Investigators’ interest in finite reinsurance transactions goes well beyond the five-year old agreement between American International Group and Berkshire Hathaway’s General Re that has been targeted by New York Attorney General Eliot Spitzer and the Securities and Exchange Commission since …
Not every business merger works out, for one reason or another. Just ask Citigroup and Travelers. This is especially true of independent agency mergers and acquisitions. “Independent” agencies aren’t just called that because they produce for a number of companies. …
Billionaire investor Warren Buffett and his right hand man, Charlie Munger, expressed confidence in embattled New York insurance company American International Group Inc. as they addressed Berkshire Hathaway Inc. shareholders Saturday. Federal regulators are investigating a reinsurance transaction between AIG …
A June 1 hearing date has been set for a reinsurance unit of Bermuda-based White Mountains to meet with Florida regulators following allegations the unit was selling insurance in the state without a license. According to The Royal Gazette, published …
