Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a $1.3 billion decrease in net underwriting earnings across its insurance and reinsurance operations to $1.34 billion for the first quarter of 2025, compared with $2.6 billion in the prior year first quarter, amid significant losses from the Southern California wildfires.
Global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research.
RSA Insurance, a global insurer, is pleased to announce the immediate appointment of Damian Cannings as the new Regional Manager for Bristol.
It’s a bird, it’s a plane, it’s a repossession drone. As recovery rates decline in the wake of lower prices…
CRC Group, the North American wholesale specialty insurance distributor, has bolstered its team with a series of key hires.
Catastrophes, Financial Results, P/C Insurers Switzerland Zurich
Used-vehicle values fell on a year-over-year basis in 2023 after the year began with an uptick in values before recording…
The Bank of England is warning banks to take immediate action on climate risks or face a 15% hit to annual profits.
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of two US Executive & Professional (E&P) lines leaders.
Goldman Sachs anticipates a stable and orderly reinsurance renewal season in 2025, with property catastrophe pricing expected to decline by 5-15 percentage points at the January 1st renewals.
Finextra spoke to CEO of Chetwood Bank, Paul Noble, about the organisation’s new developments, and how market volatility is impacting savings and mortgage products. Noble has a background in private equity and asset management, previously working in big banks, including a role in the acquisition of Tandem Bank.
QBE has reported that gross written premium grew 6% in the nine months to 30 September 2025, reaching $18.6 billion.
First announcing the deal in July 2021, Visa has completed its acquisition of Currencycloud – a global platform enabling banks and fintechs to provide foreign exchange solutions for cross-border payments.
The Bank of New York Mellon Corporation (BNY) and Conduent Incorporated have formed a strategic alliance to deliver insurers and pension acquirers an end-to-end pension risk transfer (PRT) solution through a single, streamlined platform.
Prudential Financial, Inc., has announced that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias’ appointment as Prudential’s CFO.