Berkshire Hathaway
Top 5 European stories
The top five European stories on www.insuranceinsight.com over the past seven days.
Berkshire Hathaway Specialty Insurance begins trading
Warren Buffett’s latest venture has started trading, with its sights firmly on the US excess and surplus market.
Berkshire India to stop online sales
Berkshire India, the Indian arm of Warren Buffet's Berkshire Hathaway has failed to see its online offering spark into life.
Lancashire CEO Brindle admits Aon/Berkshire deal concerns as it unveils $77.9m Q1 profit
Lancashire Holdings this morning reported a jump in pre-tax profit and post tax profit for the first quarter of 2013 to $78.9m (Q1 2012: $46.5m) and $ 77.9m (Q1 $45.6m) respectively.
Periodical Payment Orders: Unhappy New Year
Periodical payment orders gave motor insurers a headache in the renewals season as reinsurers struggled to come to terms with them.
Buffett targets Asia for reinsurance expansion
Warren Buffett, chairman of Berkshire Hathaway, is aiming to pursue more opportunities in Asia after boosting reinsurance sales in the region.
European sovereign debt hits insurer profits
2011 was the worst year on record for natural catastrophes, yet it was cracks in the Dow Jones, faults in the FTSE and tremors on the Hange Seng that bothered many insurers more.
Axa and Japan Post ranked world's largest insurers
French insurer Axa once again came top of AM Best’s ranking of the world’s 25 largest insurance companies as measured by net premiums written, while Japan Post Insurance Company led the ranking measured by nonbanking assets.
Swiss Re chief announces early retirement
Swiss Re’s chief executive officer Stefan Lippe is to step down in 2012, bringing his tenure as the head of the reinsurer to a premature end.
Aviva UK plots Lloyd's return in international push
A strategic review considering areas of expansion for Aviva's UK corporate business, will include assessing the viability of opening a trading box at Lloyd's and targeting international risks.
Energy - overcapacity: Getting plugged in
The energy insurance sector is buzzing at the moment, but Rachel Gordon investigates whether the good times are sustainable.
Capita Managing Agency to manage new run-off
Capita Managing Agency has been approved by Lloyd’s to manage a newly created run-off syndicate at Lloyd’s, 2255.
Berkshire Hathaway backs Willis energy facility
Willis has created a facility designed to provide additional underwriting capacity for the oil and gas industry.
Berkshire Hathaway backs Willis energy facility
Willis has created a facility designed to provide additional underwriting capacity for the oil and gas industry.
Axa declared largest insurer in the world by net written premium
The world's largest insurers, measured by assets and net premiums are based in Japan and France respectively, AM Best has found in its annual ranking of global insurers.
Swiss Re almost doubles Q3 profit and terminates Berkshire Hathaway loan
Swiss Re reported third-quarter net income of $618m, compared to $314m in the prior-year period.
Viewpoint: The Hitchhiker's Guide to Solvency II
Solvency II is looming large on the horizon but, argue Henry Sopher and Ann Duffy, despite the guidelines' complex language and detailed instructions, the run-off market can make it through this new universe by simply applying sound business sense and…
Top 100 UK insurers - 2009
AM Best's top 100 insurer rankings in full, according to Financial Services Authority returns for 2009.
Buffett again linked with RBS Insurance business as bank begins adviser search
Warren Buffett has again beeen linked with the Royal Bank of Scotland's Insurance business according to reports in the weekend newspapers.
Buffett wins bet against French team
Warren Buffett and the special reinsurance team at Berkshire Hathaway are likely to be extremely relieved after the French were sent home from the World Cup due to a reinsurance contract essentially betting against the team.
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
Liberty Mutual and General Re settle dispute
Liberty Mutual has resolved a dispute in which it accused the General Re, the reinsurance unit of Berkshire Hathaway of fraud, according to a court filing.
Berkshire Hathaway Q1 insurance premiums dip
Berkshire Hathaway’s insurance division premiums fell 9.3% to $7.43bn in the first quarter, accounting for about 23% of total group revenue.
Cologne Re of Dublin: Ratings withdrawn at company request
Standard & Poor's Ratings Services said today it affirmed its 'A' long-term counterparty credit and insurer financial strength ratings on Ireland-based reinsurer Cologne Re of Dublin. The ratings were subsequently withdrawn at the company's request. The…