Earlier this year Tom Bolt took over one of the most important positions at Lloyd’s. As Director of Performance Management, he heads a team that oversees the business plans and the performance of all of Lloyd’s syndicates. His mandate is …
Joseph Cassano, a former AIG executive who played a big role in bringing the giant insurer to its knees, will face-off next week with a U.S. panel investigating the causes of the financial crisis. Cassano will rub shoulders with a …
Dutch insurer Aegon NV is considering the sale of its U.S.-based Transamerica Reinsurance unit but has decided not to sell its UK arm, as it seeks to concentrate on its most profitable activities. Aegon said on Tuesday any proceeds from …
Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe Corp. First-quarter net income was $3.63 billion, or $2,272 per …
Warren Buffett Saturday launched a strong defense of Berkshire Hathaway Inc.’s $5 billion investment in Goldman Sachs Group Inc. and the investment bank’s embattled chief executive, Lloyd Blankfein. Speaking at Berkshire’s annual meeting before an estimated 40,000 shareholders, Buffett’s forceful …
Warren Buffett said Saturday he plans to visit India next March, and would not rule out the country for possible future investments. Speaking at Berkshire’s annual meeting in response to a shareholder question, Buffett said he had decided only on …
Warren Buffett’s reputation as a stickler for good business ethics has put the billionaire in an awkward spot because of an investment in Goldman Sachs Group Inc. In Sept 2008, at the height of the financial crisis, Berkshire Hathaway Inc. …
New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10 years ago, the presiding judge said in court Tuesday. After four hours …
Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg has asked a judge to dismiss a civil fraud lawsuit brought by New York’s attorney general, who is seeking to hold him personally liable for a sham reinsurance transaction. Greenberg …
Famed U.S. investor Warren Buffett, already Munich Re’s biggest shareholder, has built up his stake in the world’s No. 1 reinsurer to nearly 8 percent, increasing his bet on the sector’s long-term prospects. Buffett, who owns the world’s third-biggest reinsurer …
