Performance
Liberty Mutual Finishes Out 2014 Strong, But Catastrophe Losses Grow
Liberty Mutual Holding Company finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number ...
The Big Tease: Buffett Remains Mum About His Chosen Successor
Warren Buffett didn't spill the beans about his already-chosen successor in his latest annual letter to Berkshire Hathaway shareholders. Long-time vice-chairman Charlie Munger fueled continued ...
Special Report: A Closer Look at Berkshire Hathaway’s Insurance Operations
Insurance operations contributed $5.2 billion to total operating income of $16.6 billion for Berkshire Hathaway in 2014—with the underwriting component of $1.7 billion (after taxes) representing ...
Buffett, Munger on Leadership, Success in Business
The Berkshire Hathaway 2014 Annual Report includes discussions from Chair Warren Buffett and Vice Chair Charlie Munger about leadership and success in the insurance business. Some excerpts follow. ...
Third Point Re’s CEO Sees ‘Opportunities’ in Remaining Independent
While many property/casualty reinsurers have forged M&A deals and others are likely to follow, Third Point Reinsurance's CEO said he sees plenty of business opportunities for the Bermuda-based ...
Allianz P/C Earnings Hit Below Expectations
German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections ...
QBE’s North American Business Improves; Group Profitable Overall
QBE Insurance Group Ltd., Australia's second-largest insurer by market value, climbed the most in four years in Sydney stock trading as an improving North American business and lower provisions ...
Allstate Sees Energy Bond Losses Deepen As Oil Prices Plunge
Allstate Corp., the largest publicly traded U.S. seller of auto and home insurance, said gross unrealized losses widened on energy bonds in the fourth quarter as crude prices plunged. Losses climbed ...