Warren Buffet may be only the second richest man in the world (around $36 billion), but he gets almost as much attention as Bill Gates in the number one spot. His annual letter to the shareholders of Berkshire Hathaway has …
Berkshire Hathaway Inc. reported that fourth-quarter earnings more than doubled, partly due to the company’s $1.7 billion pre-tax underwriting profit from insurance operations, because “that’s where the money is at” commented Chairman of the Board Warren Buffett in his famous …
In a look at the race for Governor of California, Insurance Journal recently chatted with State Sen. Tom McClintock (R) who is running to succeed Gray Davis should the Recall Vote be successful on Oct. 7. McClintock was first elected …
Berkshire Hathaway Inc. CEO Warren E. Buffett announced the Omaha, Neb., insurer would have first-quarter operating earnings of about $1.7 billion, which he described as “the best operating earnings we’ve ever had,” according to The Wall Street Journal. Berkshire reported …
Germany’s Gerling Group has reportedly filed a request with the BAFin, the country’s financial services regulatory authorities, to transfer 200 million Euros ($221 million) to its reinsurance unit in order to increase its equity capital. The report from Dow Jones …
When Berkshire Hathaway’s Warren Buffett, the “Oracle of Omaha,” speaks people listen. So when he addressed his latest letter to the company’s shareholders it was quite natural that everyone paid attention. On page 9, while discussing the significant turn around …
Employers Reinsurance Corp. (ERC), the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR, Gerling and other reinsurers. Growing loss estimates from …
Employers Reinsurance Corp., the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR, Gerling and other reinsurers. Growing loss estimates from Sept. …
Rolf Tolle, currently the Chief Underwriting Officer of Faraday Group, General Re’s Lloyd’s and London Market insurance and reinsurance operation, has been appointed as the first Performance Director of the newly formed Lloyd’s Franchise Board. His appointment completes the selection …
Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives that weren’t unique to their own experience, …
