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23 Jun 2010 - 24 Apr 2021
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Insurance News
Howard Buffett Affirms Father’s Intention to Lead Berkshire Until Death
Howard Buffett said his father, billionaire Warren Buffett, plans to work until death leading Berkshire Hathaway Inc. and isn’t considering retirement.
EU Capital Rules May Increase Redemption of Insurers’ Subordinated Bonds
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.
AIA’s Value of New Business Rises 53% in Third Quarter on China, Malaysia
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.
Transatlantic Bids Need $1B to Succeed
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.
More Insurance News
Harrisburg Council Faces Claims They Broke Laws in Filing for Bankruptcy  
Salvage Teams to Pump N.Z. Stricken Ship as Oil Blackens Coast  
Spain Credit Rating Cut by S&P; on Weak Outlook   Updated 3 hours ago
California’s $705 Million Gap May Spell Higher Borrowing Cost: Muni Credit 
Singapore Cuts Growth Forecast, Central Bank Eases Currency Policy Stance  Updated 4 hours ago
China Targets GE Wind Turbines With $15.5B War Chest  Updated 3 hours ago
Lehman Catastrophic Moment Invoked as EU Seeks Crisis End  Updated 3 hours ago
Bangkok Will Escape Flooding as Barriers Hold, Thai Premier Yingluck Says   Updated 2 hours ago
Singapore Cuts Economic Growth Forecast, Central Bank Eases Policy Stance 
Ambac Asks Bankruptcy Court to Estimate IRS’s Tax Claim 
Perry’s Texas Had Highest Uninsured Rate, Census Data Show  
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