Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC attacks, everyone waited to see what the impact …
In a letter to shareholders posted on Nov. 9, Warren Buffett did his best to explain to shareholders the recent unprecedented loss at Berkshire Hathaway Inc., calling the results of the third quarter “anything but normal.” The letter reads in …
Time and distance have a way of muting the painful impact of horrifying events and focusing attention on the practical matters of coping with the aftermath. The Sept. 11 tragedies are no exception. And while we are barely able to …
White Mountains Insurance Group has named James J. Ritchie as chief financial officer and managing director of Fund American. Ritchie, who served most recently as senior vice president and chief financial officer for the international division of CIGNA Corp. will …
Warren Buffett’s Berkshire Hathaway reported third-quarter profits this year nearly doubled from 1999. Modest insurance holdings gains helped Berkshire see a 90-percent increase in net earnings for the quarter ended Sept. 30. Berkshire earned $797 million or $523 per Class …
Warren Buffett’s Berkshire Hathaway has reported third-quarter profits this year nearly doubled those from 1999. Modest insurance holdings gains helped Berkshire see a 90-percent increase in net earnings for the quarter ended Sept. 30. Berkshire earned $797 million, or $523 …
CGU Insurance Group’s property/casualty operations will be purchased by New Hampshire-based financial services holding company White Mountains through a definitive agreement with CGU parent company CGNU Group. The purchase price is $2.1 billion plus the repayment of approximately $500 million …
Warren Buffett’s National Indemnity is up to the challenge of insuring a $1-billion lottery, the world’s largest ever. Experts say the chances of National having to pay out are about 2.4 billion to one. National Indemnity wrote the policy for …
Warren Buffett’s National Indemnity is up to the challenge of insuring a $1 billion lottery, the world’s largest ever. It could be less risky than it sounds, though. Experts say the chances of National having to pay out are slim. …
White Mountains Insurance Group agreed to buy the U.S. property/casualty operations of British insurer CGNU Group for $2.1 billion. The Hanover, N.H-based insurer is also expected to pay $500 million in debt owed by the U.S. unit to its parent …
