Warren Buffett’s Berkshire Hathaway Inc. will reinsure about €700 million ($930 million) in claims for Ireland’s state health insurer, which is seeking to stem losses and its burden on taxpayers, as the population ages. Vhi Healthcare and Omaha, Nebraska-based Berkshire …
XL Group and private equity firm Stone Point Capital LLC have announced the formation of a new Bermuda-based company to act as an investment manager in insurance-linked securities (ILS) and other reinsurance capital markets products. XL said it “has a …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based Everest Reinsurance and its reinsurance and insurance affiliates. Best also affirmed the ICRs of “a-” of Everest Re …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL), based in Bermuda, Catlin Insurance Company (UK) Ltd. and Catlin …
The driver of a Spanish train that derailed, killing at least 80 people, was under police guard in hospital on Thursday after the dramatic accident which an official source said was caused by excessive speed. The eight-carriage train came off …
Federal accident investigators are considering new safety recommendations for school buses, large trucks and commercial drivers based on two similar fatal crashes in New Jersey and Florida last year. The National Transportation Safety Board was meeting this week to consider …
Halliburton Co. has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday. The government said Halliburton’s guilty plea is the third by a company over …
Wholesale insurance broker Swett & Crawford has added Zach Burdine as a broker in its casualty and property practice groups in Dallas, Texas. Burdine brings his extensive background in wholesale and retail insurance to Swett & Crawford. He was most …
Falling televisions sent nearly 200,000 U.S. children to the emergency room over 20 years, and the injury rate has climbed substantially for these sometimes deadly accidents, a study found. Doctors and safety experts say better awareness is needed about the …
A federal judge has agreed with Detroit, Mich., and stopped any lawsuits challenging the city’s bankruptcy, declaring his courtroom the exclusive venue for legal action in the largest filing by a local government in U.S. history. The decision by U.S. …
