Wells Fargo Selling 42 Smaller Regional Insurance Offices to USI January 24, 2014 By Noah Buhayar Wells Fargo & Co., the largest U.S. home lender, has agreed to sell more than 40 percent of its insurance...
Regulators Reviewing Berkshire Hathaway for Systemic Risk January 23, 2014 By Ian Katz, Noah Buhayar and Zachary Tracer Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial...
Berkshire Hathaway Insures $1 Billion Prize for Predicting NCAA Winners January 21, 2014 By Noah Buhayar and Zachary Tracer Warren Buffett’s Berkshire Hathaway Inc. is backing a $1 billion prize offered by Quicken Loans Inc. if a contestant predicts...
Travelers More Than Triples Profit in Q4 on Lower Disaster Losses, Higher Prices January 21, 2014 By Noah Buhayar and Zachary Tracer Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs...
Former Marsh CEO Duperreault in Group Buying SAC Capital Reinsurance Unit December 10, 2013 By Katherine Burton, Noah Buhayar and Zachary Tracer Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012...
SAC Capital’s Reinsurer to Be Sold to Investor Group Headed by Duperreault December 10, 2013 By Noah Buhayar, Katherine Burton and Zachary Tracer Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012...
Allstate Picks ING to Sell Fixed Annuities to Its Home, Auto Customers December 9, 2013 By Noah Buhayar and Zachary Tracer ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and...
Aon Ex-Executive Chilton Joins Gallagher in Reinsurance Venture December 5, 2013 By Noah Buhayar Grahame Chilton, who helped build Benfield Group Ltd. before selling it to Aon Plc in 2008, has formed a partnership...
Telematics An Advantage with Driverless Cars, Says Progressive CEO November 15, 2013 By Marci Jacobs and Noah Buhayar Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated...
Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico November 12, 2013 By Noah Buhayar Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help...