Multiline Insurance (TRBC)

Global commercial insurance rates up 19% in second quarter – Marsh

Global commercial insurance rates up 19% in second quarter – Marsh

Published 10/08/2020

LONDON (Reuters) - Global commercial insurance rates rose 19% in the second quarter, driven higher by claims related to COVID-19 and other large losses, insurance [more…]

Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs

Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs

Published 04/05/2020

(Reuters) - Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they [more…]

Buffett’s Geico offers $2.5 billion credits as coronavirus cuts driving

Buffett’s Geico offers $2.5 billion credits as coronavirus cuts driving

Published 07/04/2020

(Reuters) - Geico Corp, part of billionaire Warren Buffett’s Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of credits to its [more…]

From quills to qwerty: Lloyd’s underwriters adapt to home working

From quills to qwerty: Lloyd’s underwriters adapt to home working

Published 29/03/2020

LONDON (Reuters) - Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they [more…]

Ackman’s Pershing Square gains nearly 3% in early 2020, warns of volatility

Ackman’s Pershing Square gains nearly 3% in early 2020, warns of volatility

Published 10/03/2020

(Reuters) - William Ackman’s publicly traded hedge fund gained nearly 3% this year, though the billionaire investor warned of volatility ahead as world markets reel [more…]

SEC proposes allowing more investors access to private companies

SEC proposes allowing more investors access to private companies

Published 19/12/2019

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow [more…]

Catastrophes set to drive 2020 reinsurance rates higher

Catastrophes set to drive 2020 reinsurance rates higher

Published 03/09/2019

LONDON (Reuters) - Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates [more…]

Manulife profit beats on strength in Asia unit

Manulife profit beats on strength in Asia unit

Published 07/08/2019

(Reuters) - Canada’s largest insurer insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by strength in Asia unit, its biggest. [more…]

Berkshire’s Brooks Running unit adapts as the science of running…

Berkshire’s Brooks Running unit adapts as the science of running…

Published 10/05/2019

OMAHA, Neb. (Reuters) - Preventing injuries from running shoes is a science for Jim Weber, the chief executive of Brooks Running, a unit of Warren [more…]

Big claims strain senior living market for U.S. insurers

Big claims strain senior living market for U.S. insurers

Published 02/01/2019

(Reuters) - Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth [more…]