Transatlantic Opens Buyout Talks with Berkshire’s National Indemnity August 15, 2011 By Paritosh Bansal Transatlantic Holdings opened talks with a unit of Warren Buffett’s Berkshire Hathaway on Friday over a $3.2 billion takeover offer,...
Validus Sues Transatlantic; Offers Look at Books August 12, 2011 By Ben Berkowitz The three-way bidding war for reinsurer Transatlantic Holdings grew more complicated Thursday as hostile suitor Validus Holdings sued the company,...
Berkshire Insurance Loss Offset By Rails, Manufacturing Gains August 7, 2011 By Ben Berkowitz Warren Buffett’s conglomerate Berkshire Hathaway Inc. reported a larger second-quarter profit Friday, as favorable investment results and strength in the...
Buffett, National Indemnity Offer $3.2 Billion for Transatlantic August 7, 2011 By Ben Berkowitz and Dhanya Skariachan A unit of Warren Buffett’s Berkshire Hathaway Inc. made a $3.24 billion buyout offer for Transatlantic Holdings Inc., topping two...
Buffett Gives $1.8 Billion to Gates, Family Charities July 8, 2011 Investor Warren Buffett has donated another $1.78 billion to several charities, with the bulk going to the Bill & Melinda...
Berkshire Joins Group Bidding for Citi Consumer Loan Unit: WSJ July 6, 2011 Warren Buffett’s Berkshire Hathaway Inc. has joined the group bidding for Citigroup Inc.’s consumer lending unit, the Wall Street Journal...
Best Affirms All of GEICO’s ‘A++’ Ratings May 31, 2011 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa”...
German Insurer Organized Orgy for Best Salesmen May 23, 2011 A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best...
Best Affirms No. Am. Casualty Financial Ratings; Upgrades Debt May 10, 2011 A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” of North American Casualty Group (NAC)...
Is Buffett’s Teflon Finally Wearing Off? Annual Meeting Coming Up April 25, 2011 By Ben Berkowitz Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are...