Property and Casualty Insurance (TRBC)

Berkshire slashes Wells Fargo, JPMorgan stakes- adds Barrick Gold

Berkshire slashes Wells Fargo, JPMorgan stakes- adds Barrick Gold

Published 15/08/2020

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes [more…]

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…]

European insurer shares fall as row breaks out over dividends

European insurer shares fall as row breaks out over dividends

Published 03/04/2020

MUNICH/LONDON (Reuters) - Shares in Europe’s insurers fell sharply on Friday after the EU regulator said they should temporarily halt payouts to shareholders during the [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…]

Rising stocks fuel record profit for Buffett’s Berkshire- operating profit disappoints

Rising stocks fuel record profit for Buffett’s Berkshire- operating profit disappoints

Published 24/02/2020

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such [more…]

Buffett calls for more accountability for corporate directors

Buffett calls for more accountability for corporate directors

Published 24/02/2020

(Reuters) - Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief [more…]

Australian insurer Suncorp’s claims hit $237 million as bushfires rage on

Australian insurer Suncorp’s claims hit $237 million as bushfires rage on

Published 09/01/2020

(Reuters) - Australian insurer Suncorp Group (SUN.AX) said on Thursday it has received since September 2,600 bushfire-related claims worth up to A$345 million ($237.05 million), [more…]

Exclusive: Saudi Aramco pursues war cover after attacks – sources

Exclusive: Saudi Aramco pursues war cover after attacks – sources

Published 04/12/2019

LONDON/RIYADH (Reuters) - Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of [more…]