CEO Montross to Exit Gen Re at Year’s End; New CEO to Report to Jain, Not Buffett April 13, 2016 By Mark Hollmer General Reinsurance Corp. Chairman and CEO Tad Montross plans to step down by the end of 2016, the Berkshire-Hathaway-owned reinsurer...
Fairfax Financial to Buy 33% Stake in India’s Bangalore Airport for $322 Million March 28, 2016 By Anurag Kotoky Indian airport operator GVK Power & Infrastructure Ltd. said it sold a stake in its Bengaluru aerodrome to Fairfax Financial...
Buffett’s Gen Re to Exit Operations at 6 Locations, Amid Global Reorganization March 11, 2016 By Noah Buhayar Gen Re, one of the giant reinsurance businesses at Warren Buffett’s Berkshire Hathaway Inc., said it’s exiting property and casualty...
China’s Fosun Scraps Plan to Buy Israel’s Phoenix, Vowing More Prudent Strategy February 17, 2016 Chinese conglomerate Fosun International Ltd.’s deal to acquire Israeli insurer Phoenix Holdings Ltd. for more than $460 million has unraveled,...
Buffett’s Berkshire Hathaway Annual Meeting to Air Live on Yahoo February 16, 2016 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway Inc. plans to webcast its annual meeting for the first time, allowing the largest U.S. shareholder...
Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia February 5, 2016 By Sarah Jones China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic...
Buffett’s Berkshire Hathaway Cuts Munich Re Stake to 4.6% December 14, 2015 By Noah Buhayar Warren Buffett’s Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of...
Why Australia’s IAG Decided to Halt China Expansion Plans October 16, 2015 By Swati Pandey When Insurance Australia Group, the country’s largest general insurer, announced ambitious plans in June to ramp up its business in...
Update: Buffett Cuts Munich Re Shareholding, Responds to Reinsurance Slump September 29, 2015 By Katherine Chiglinsky and Noah Buhayar Warren Buffett’s Berkshire Hathaway Inc. has cut its stake in Munich Re after lamenting a slump in the reinsurance business....
Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks September 14, 2015 By Bonnie Cao and Ye Xie Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying...