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...
Korea Ferry Disaster Exposes Cozy Industry Ties, Soft Penalties May 1, 2014 By Jack Kim and Ju-min Park A culture of cozy personal ties that can blur the lines between businesses and those regulating them, of profit over...
RRJ, Temasek to Invest $1.8 Billion in ING Insurance Unit May 1, 2014 By Martijn van der Starre and Maud van Gaal RRJ Capital Ltd., run by Charles Ong, and his former employer Temasek Holdings Pte, have agreed to invest €1.28 billion...
Munich Re’s First Quarter Net Profit Drops by 7% May 1, 2014 By Jörn Poltz Munich Re’s net profit fell in the first quarter, said its chief executive on Wednesday, hit by low capital market...
Montpelier Reports $90 Million Q1 Net Income; Operating $72 Million May 1, 2014 Bermuda-based Montpelier Re Holdings Ltd. Reported operating income for the first quarter of 2014 at $72 million, or $1.48 per...
U.S. Chamber, BUSINESSEUROPE Urge TTIP Agreement Adoption May 1, 2014 U.S. Chamber of Commerce President and CEO Thomas J. Donohue recently met with BUSINESSEUROPE President Emma Marcegaglia and Director General...
AXIS Reports $152.6 Million Pre Tax Q1 Net Income; Operating $137 Million May 1, 2014 Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the three months ended March 31, 2014,...
UK Underwriter APC Forms Professional Indemnity Team; Launches New Products May 1, 2014 UK-Based commercial insurance underwriting agency APC announced the launch of its dedicated Professional Indemnity (PI) underwriting team and an expanded...
House Passes Bill to Exempt Expatriate Plans from Affordable Care Act April 30, 2014 By Erica Werner The House has approved bipartisan legislation to exempt U.S. health plans sold to expatriate workers from having to comply with...
Senate Cybersecurity Bill Gives Firms Liability Protection for Sharing Data April 30, 2014 U.S. administration officials, private sector executives and privacy advocates are reviewing a draft of a bill that would encourage sharing...