AM Best has comforted insurers after what it called a "drastic" shift in the way personal injury claims are calculated by saying it does not expect to see any rating downgrades on the back of the changes.
Berkshire Hathaway's Gen Re and the group's primary insurance operations, which include recently formed specialty carrier Berkshire Hathaway Specialty Insurance (BHSI), have generated profits of more than $4bn in the past half-decade.
Activist investor Carl Icahn's representative on AIG's board of directors Samuel Merksamer has quit the billionaire's firm and is weighing setting up his own hedge fund, according to reports.
Directors of American International Group reportedly are considering punishing or even ousting the insurance giant’s CEO Peter Hancock following dismal fourth-quarter results that sent its shares tumbling by almost 10 percent.
Legacy-to-live carrier Enstar reported a nearly 80 percent drop in fourth-quarter net income even as net earned premiums rose 21 percent as expenses surged.
