Travelers Cos., the second-largest U.S. commercial insurer, posted the biggest quarterly decline since 2008 in a key measure of the company’s value as higher interest rates pressured its bond portfolio.
RenaissanceRe Holdings Ltd. , PartnerRe Ltd. and Everest Re Group Ltd. may beat the Standard & Poor’s 500 Index next month, based on past returns of reinsurers at the height of the Atlantic storm season, Barclays Plc said.
Warren Buffett ’s Berkshire Hathaway Inc. may report that the value of its equity portfolio rose by $6.3 billion in the last three months of 2010 as holdings in Wells Fargo & Co. and Coca-Cola Co. rallied, Barclays Plc said.
Warren Buffett’s Berkshire Hathaway Inc., owner of the biggest U.S.-based reinsurer, may be spared designation as a systemically important financial institution, said Jay Gelb, an analyst at Barclays Plc.
Berkshire Hathaway Inc. is poised to report its biggest year-over-year increase in book value per share since 2010 on gains from investments, operating-business earnings and Chairman Warren Buffett’s equity-derivative bets.
Warren Buffett, who built Berkshire Hathaway Inc. into a $200 billion company through stock picks and acquisitions, said his firm may top its largest deal, the 2010 purchase of railroad Burlington Northern Santa Fe.