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Buffett’s Tesco Investment Fuels 3Q Profit Drop for Berkshire
Warren Buffett's Berkshire Hathaway Inc. said third-quarter profit slipped 8.6 percent on investment results, including an impairment on a holding of U.K. retailer Tesco Plc. Net income fell to $4.62 ...Demotech Reserve Study Disclaimers
The study summarized in the articles titled "'Industry' Loss Reserve Studies Not Meaningful: Demotech Analysis" and "Underreserving, Balance Sheet Fundamentals Taking a Back Seat in Rating Agency ...
RiskInsight Model Tools Explained
In her article, "Why Open Platforms are the Logical Next Step for Catastrophe Risk Models," risk expert Karen Clark explains that an open platform starts with "reference" models for combinations of ...
Evaluating Capital Needs
According to Standard & Poor's, some of the more common modeling techniques insurers use to evaluate their capital needs are: Stress tests, or extreme scenarios used to evaluate risk-bearing ...
Drugmakers Seek Indemnity for Ebola Vaccines
Drugmakers are looking for some kind of indemnity from governments or multilateral agencies against possible losses or claims arising from the widespread emergency use of new Ebola vaccines in ...
Rate Hikes Barely Keeping Up With Loss Costs: ACE CEO
After reporting a third-quarter combined ratio nearly 14 points below breakeven, and just about equal to the figure reported in last year's third quarter, the leader of ACE Limited predicted that ...
Western World’s CEO Mulligan Retiring; COO Livingston to Fill Slot
Western World Insurance Group announced Monday that Thomas F. Mulligan, President and Chief Executive Officer, is retiring effective Jan. 1, 2015, ending a 33-year span of continuous service. On Oct. ...
Who’s in Charge at Fireman’s Fund?
The parade of executives at Fireman's Fund includes the following names and faces in the last decade: Charles (Chuck) Kavitsky became CEO and president in May 2004, replacing Jeff Post. • Post had ...