Warren Buffett’s Berkshire Hathaway Inc. is providing more data about claims costs at insurance units after the U.S. Securities and Exchange Commission pressed the company for the information. We “agree to provide disclosures in future filings of the significant catastrophe …
Warren Buffett’s recent birthday was good news for Berkshire Hathaway investors who could celebrate another year of the Oracle of Omaha’s leadership. But the milestone also reminded shareholders they need to think about who will run the evolving company after …
Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long criminal case against them. All five entered …
A deal has been reached to prevent a new criminal fraud trial for former executives of American International Group Inc. and Berkshire Hathaway Inc. unit Gen Reinsurance, federal prosecutors said on Friday. “The parties have reached agreements to resolve this …
Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance transaction that fraudulently boosted AIG’s loss reserves. The …
Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions. Greenberg and co-defendant Howard Smith, AIG’s former …
A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect reinsurance transactions, but cleared the way for the case …
Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire Hathaway Reinsurance Group, personal lines powerhouse GEICO …
Anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits. Even though Berkshire’s Warren Buffett …
General Re Corp. in Stamford, Conn. announced that Patricia H. Roberts will retire as president and CEO of General Star Management Co. and Genesis Management and Insurance Services Corp. effective March 1. Robert M. Jones, senior vice president and chief …
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