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Insurance
Fluctuations in the profitably of its reinsurance businesses contributed to a drop in earnings at Berkshire Hathaway’s first quarter results. Its unit Berkshire Hathaway Reinsurance Group in particular saw a severe fall in its pre-tax profits due to fluctuations in currency exchange rates and one off deals in the first quarter last year. 6 May 2014
Insurance
Barbican Managing Agency (Barbican) is continuing to consolidate its position in what it states is a rather challenging time for the market. 13 September 2017
Insurance
New Zealand insurance company Tower has sold its remaining life business, Tower Life (NZ), to Foundation Life, for NZ$36 million ($31.5 million). 1 July 2014
Insurance
Warren Buffett’s Berkshire Hathaway, which owns substantial insurance and reinsurance operations, posted record quarterly and annual results for 2017 – mainly fuelled by the big cuts to US corporate income tax, signed in by President Donald Trump last year. 26 February 2018
Insurance
As the current low yield environment is expected to persist, insurers have been seeking ways to generate higher yields, and sub-investment grade bonds may fit the bill, says Simon Richards. 8 September 2013
Insurance
Hurricane Irma could possibly be a market-changing event, depending on its path and the level of damage it causes, according to Fitch Ratings. 11 September 2017
Insurance
The ‘counterfactual analysis of historical events’—scenarios that could have happened but have not—is an important tool not only for the assessment of uncertainty and disaster preparedness, but also for catastrophe insurance risk management, such as the estimation of the probable maximum loss. 10 September 2017
Insurance
JLT Specialty USA, a US subsidiary of insurance and reinsurance broker Jardine Lloyd Thompson Group (JLT), has appointed Perry Robinson as senior vice president (SVP). 28 January 2016
Insurance
Hannover-based insurance group Talanx exceeded profit expectations in the third quarter in 2016 and raised its targets for 2017. 15 November 2016
Insurance
Zurich Insurance has pulled out of its planned bid for RSA, according to a statement on RSA’s website. 21 September 2015
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