Live Insurance News

Insurance Giants in Focus: A Tale of Two Third Quarters

November 6, 2024November 5, 2024 Ester Adams

Spotlight for Insurance Investors As the third-quarter financial results roll in, the spotlight is on two titans of the insurance industry: Berkshire Hathaway and Allstate. Both companies have reported significant figures that reflect their current standing and future prospects in the insurance market. The question arises: Are insurance investors likely to shift their focus, perhaps swayed by Allstate’s recent performance? Berkshire Hathaway: Navigating Setbacks Berkshire Hathaway, renowned for its exceptional insurance underwriting, faced uncharacteristic setbacks this quarter. The company reported more than $1 billion in insurance-related losses, attributed to increased…

Zurich Insurance Group shares 2020 performance results

February 18, 2021February 18, 2021 Nordstrom

Zurich Insurance Group - Business - Results

The Swiss firm has become the latest insurer to unveil its data from a unique time last year. Zurich Insurance Group has joined several other insurers in sharing its insurance industry 2020 performance. The chief executive of the group, Mario Greco, has expressed confidence moving forward, despite seeing dropping results across all the insurer’s primary business lines. The insurer’s net income attributable to shareholders fell by 8 percent in 2020 compared to 2019. That said, despite the fact that it saw an 8 percent year over year reduction, it still…

5 grants in Singapore for Small and Mid-Sized Enterprises (SMEs)

October 27, 2020 Guest Author

Singapore’s economy recognizes the importance of Small and Medium-Sized Enterprises, which constitutes 99% of all enterprises in Singapore. This translates to approximately seven out of every ten workers, contributing to around half of Singapore’s Gross Domestic Product (GDP). Singapore like many countries is hit hard by the COVID-19 pandemic with the retail/F&B sector bearing the heaviest blow. There are multiple grants offered by the Singapore government to cushion the negative effects of pandemic and aid recovery. If you’re checking out other SME Singapore loans beyond the solutions offered by top…

5 Ways Coronavirus Will Drastically Alter Boomer Retirements

August 1, 2020 Guest Author

The boomer generation is defined as people born between 1946 and 1964, effectively products of the post-World War II economic boom. These are people that will be hoping to either be retired or to retire within the next ten years. They lived through economic ups and downs and are generally seen as one of the wealthiest generations to date. Thanks to advances in medical care some of these boomers are still earning today, despite being past retirement age. However, all of them will need to speak to a reputable financial…

Banks are selling customized cryptocurrency insurance packages to businesses

July 24, 2018July 23, 2018 H. Cutner

Cryptocurrency insurance - digital information

According to a recent Bloomberg Report, several insurers are offering these custom products. A number of large insurers are now quietly selling cryptocurrency insurance packages to businesses. Despite the association with thefts and hacks, Allianz, AIG and others are offering customized deals to cover the digital currencies for digital asset businesses. Providing cryptocurrency protection is increasingly commonplace despite the lack of publicity. Insurers are acting quite quietly regarding the cryptocurrency insurance they sell. Aon currently holds more than 50 percent of the total cryptocurrency insurance market. The London-based insurer appears…

Warren Buffett makes insurance news with caution in the industry

May 7, 2015May 5, 2015 Julie Campbell

Berkshire Hathaway recently announced its earnings and stated that it is unlikely that an underwriter would be purchased. In recent insurance news, Warren Buffett of Berkshire Hathaway finally put an end to the speculations that have been made about the company for a long time, by saying that they don’t have any real intention to ever purchase a large commercial underwriter, and that the intention is to take a more organic strategy in order to grow their commercial platform. Buffett fielded some heavy questions at the annual shareholder meeting for…

Berkshire insurance exec could one day replace Warren Buffett

March 5, 2015March 4, 2015 Julie Campbell

The billionaire CEO and chairman of the company said that he would support Ajit Jain if he should ever want the top spot. Back in 2011, at a Bengaluru news conference, Warren Buffet had said that he would be willing to support Berkshire insurance exec Ajit Jain, if he should ever wish to step up into the position of CEO and chairman. Speculation has recently been rising among the company’s investors, with regards to who will succeed Buffett. Warren Buffett, who is currently 84 years old, has yet to give…