Berkshire Hathaway Inc.’s Franklin “Tad” Montross faulted Wall Street and private-equity firms for creating rival sellers of reinsurance that he said may not have the backing of their founders in three to five years.
Fidelity National Financial Inc., the largest U.S. title insurer, is weighing restaurant investments after exiting some insurance businesses at a profit, Chief Executive Officer George Scanlon said.
Fidelity National Financial Inc., the largest U.S. title insurer by market share, had a fifth straight quarterly profit as it posted a gain on an asset sale and mortgage rates improved.
Allstate Corp., the largest publicly traded U.S. auto and home insurer, reported fourth-quarter profit that beat analysts’ estimates after superstorm Sandy. Shares gained in extended trading.
Travelers Cos., the lone insurer in the Dow Jones Industrial Average, posted a second-quarter profit on lower costs tied to natural disasters.
Allstate Corp., the second-largest U.S. home and auto insurer, climbed in extended trading after third-quarter profit beat analysts’ estimates.
"The property-and-casualty insurance space remains an attractive investable space."
- Mark Dwelle on Dec 18, 2014