Catastrophe reinsurance set to soar after year of extreme weather, industry warns

Property catastrophe reinsurance premiums are about to soar as some companies have been forced to leave the market after another year of extreme weather, the industry has warned. The market, which pay...

Hurricane Ian May Hurt Florida Properties, and Actually Help Insurers

When Hurricane Andrew hit south Florida on the morning of Aug. 24, 1992, insurance stocks opened down. But by noon they’d recovered and the sector closed up that day, recalls MKM Partners analyst Harr...

Giant Manager Buys Up Apple, Nvidia, Corning, and Pfizer Stock

Text size MEAG bought 66,593 Nvidia shares to double its investment to 130,142 shares at the end of June. Justin Sullivan/Getty Images The investment arm of one of the world’s biggest insurers just ma...

Will Reinsurance Group rise as it remains stable at $107 to $118?

Reinsurance Group of America (MUN:RGPB) reported growth in Q1 profits against lower revenue. The share lost 1.26% following the news. Last week, the stock gained 10.60% in anticipation of the Q1 earni...

Warren Buffett Does Deal Making Differently. Alleghany Acquisition Shows How.

Text size Warren Buffett Drew Angerer/Getty Images When it comes to acquisitions, Warren Buffett does things differently, and Berkshire Hathaway ’s deal on Monday for Alleghany illustrates his unique ...

Warren Buffett’s Deal for Alleghany Is Great for Berkshire, So-So for Alleghany

Berkshire Hathaway ’s agreement to buy insurer Alleghany for $11.6 billion looks like an excellent deal for Berkshire, but only a so-so one for Alleghany. Berkshire Hathaway (ticker: BRK. A and BRK. B...

Berkshire Hathaway to Acquire Reinsurer Alleghany for $11.6 Billion

Text size Warren Buffett, chairman and CEO of Berkshire Hathaway Saul Loeb/AFP via Getty Images Warren Buffett’s Berkshire Hathaway agreed to buy Alleghany shares for $848.02 a share in cash, or a tot...