Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s chief executive. Abel, 56, and Jain, 67, who became vice… Continue reading Buffett’s Berkshire Says Vice Chairmen Jain, Abel Each Made $18 Million in 2018
Tag: P&C insurance
Dallas P&C Expert Adam Glenn Joins Alliant
Seasoned insurance expert Adam Glenn has joined Alliant as Vice President. The Dallas-based property and casualty specialist will provide a full range of diversified insurance services and solutions to clients across the Southwest as Alliant continues to expand its footprint in the region. “Adam has achieved great success in the insurance world via his ability… Continue reading Dallas P&C Expert Adam Glenn Joins Alliant
Marsh Appoints Robert Bauer As U.S. Sharing Economy and Mobility Practice Leader
Marsh, a global leader in insurance broking and innovative risk management solutions, announced that Robert Bauer has joined the firm to lead its US Sharing Economy & Mobility Practice. In this role, Mr. Bauer will focus on developing and delivering industry-leading products and services to companies operating in the new economy, working closely with experts… Continue reading Marsh Appoints Robert Bauer As U.S. Sharing Economy and Mobility Practice Leader
AIG Sells Stake in Chinese Insurer PICC
American International Group (AIG) has sold its holding of 1.1 billion Hong Kong-listed shares of China’s largest non-life insurer, exiting a six-year investment that barely broke even. AIG raised HK$3.8 billion ($484 million) from selling the stake in People’s Insurance Company of China (PICC), which accounts for 12.76% of state-owned PICC’s Hong Kong-listed equity, a… Continue reading AIG Sells Stake in Chinese Insurer PICC
The Hartford Named One of ‘World’s Most Ethical Companies’ for 11th Time by Ethisphere
The Hartford has been named one of the World’s Most Ethical Companies® for the 11th time, as designated by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. “The Hartford is proud to be recognized as a World’s Most Ethical Company for our industry-leading ethics and compliance practices,”… Continue reading The Hartford Named One of ‘World’s Most Ethical Companies’ for 11th Time by Ethisphere
Auto-Owners Insurance Acquires California Insurance Group
Auto-Owners has entered into an agreement to acquire Capital Insurance Group of Monterey, California, according to a Tuesday news release. “Adding Capital Insurance Group and its affiliates to the Auto-Owners family of companies expands our operating footprint into four additional states, providing access to more families and businesses to insure and giving us even greater… Continue reading Auto-Owners Insurance Acquires California Insurance Group
Hanover Announces Partnership with RSA Global Network
The Hanover Insurance Group, Inc. today announced an agreement with the RSA Group to join its Global Network as a U.S. strategic network partner. This relationship further expands The Hanover’s international specialty capabilities made available through its agent partners for domestic businesses with overseas risks. Through the company’s partnership with RSA Group, one of the… Continue reading Hanover Announces Partnership with RSA Global Network
Allianz Boosts Dividend after Reporting Record Profits
Allianz is lifting payouts to shareholders by 12.5 percent after reporting the highest operating profit in its 129 years of history as it boosted efficiency at its property-casualty unit, hiked premiums and benefited from fewer natural catastrophe claims. The insurer on Friday will increase its dividend by €1 to €9, slightly more than expected by… Continue reading Allianz Boosts Dividend after Reporting Record Profits
AIG Swings to Loss, Hit by Catastrophes and Volatile Market
American International Group Inc. (AIG) on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market. Excluding realized investment gains and losses and some other items, AIG posted a loss of $559 million, or 63 cents per share, for the fourth-quarter… Continue reading AIG Swings to Loss, Hit by Catastrophes and Volatile Market
SterlingRisk Insurance Hires Steven Guthart as President, Chief Marketing Officer
SterlingRisk Insurance, one of the nation’s top independently owned insurance brokerages, has hired Steven Guthart as President and Chief Marketing Officer. Guthart brings more than 30 years of industry experience and technical expertise to SterlingRisk, having built robust senior carrier relationships during his tenure as President, Brooklyn Operations, with HUB International Northeast Limited. SterlingRisk CEO… Continue reading SterlingRisk Insurance Hires Steven Guthart as President, Chief Marketing Officer