U.S. Economic Losses Due to Napa Quake, August Floods Top $4 Billion: Aon September 8, 2014 By Noah Buhayar As far as natural perils go, August was mostly about earthquakes, along with a few tropical storms and typhoons around...
ING Gains on Plan to Cut Voya Stake with $1.2 Billion Share Sale September 3, 2014 By Maud van Gaal and Noah Buhayar ING Groep NV, the biggest Dutch bank, gained in Amsterdam trading after it said it will reduce its stake in...
Liberty Mutual Inks Reinsurance Deal with Berkshire’s National Indemnity July 18, 2014 By Noah Buhayar Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc.,...
Allianz Is Lead Reinsurer of $97.3 Million in Ukraine Plane Crash July 18, 2014 By Noah Buhayar Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over...
Insurers’ Yield on Investments Lowest Since 1965 July 6, 2014 By Noah Buhayar Warren Buffett had just taken control of Berkshire Hathaway Inc., a textile maker he would build into one of the...
AIG Invests $1.5 Billion in Commercial Lending With Oak Hill June 12, 2014 By Noah Buhayar American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management...
Under New CEO Hancock, Smaller AIG Expected to Focus on Growth June 11, 2014 By Hugh Son and Noah Buhayar American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor...
Travelers CEO: Will Insurers Outperform More Regulated Banks? June 9, 2014 By Noah Buhayar Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large...
Speculation on Buffett’s Successor Heats Up Before Berkshire Annual Meeting May 1, 2014 By Noah Buhayar Two years ago, Warren Buffett, then 81, announced that the Berkshire Hathaway Inc. board had chosen his successor as chief...
Zurich CEO Senn Says Time to Go on Offense to Attract Investors February 28, 2014 By Noah Buhayar Zurich Insurance Group AG’s CEO Martin Senn said an above-average dividend is no longer enough for investors and that now...