Insurance News
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Howard Buffett said his father, billionaire Warren Buffett, plans to work until death leading Berkshire Hathaway Inc. and isn’t considering retirement.
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European insurers, including Axa SA and Allianz SE, may redeem subordinated bonds depressed by the region’s debt crisis because they won’t qualify as core capital under rules being introduced in 2013, investors say.
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AIA Group Ltd., the third-largest Asia-based insurer by market capitalization, said its value of new business expanded 53 percent in the third quarter, led by higher sales in Malaysia and China.
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Transatlantic Holdings Inc., the reinsurer circled by five suitors this year including Berkshire Hathaway Inc., needs to demand a $1 billion windfall to ensure shareholders aren’t stuck with the industry’s cheapest deal.
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