LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) of Life Insurance Company Kommesk-Omir JSC (Kommesk) (Kazakhstan). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Kommesk’s balance...
London-based Howden launched a U.S. retail brokerage operation Monday, headed by former Marsh executive Mike Parrish, and named longtime industry executive Jim Hays vice chairman of its parent company.
The announcement comes amid a legal battle with Marsh over Howden’s alleged scheme to poach...
Under a new state law, Louisiana insurers will be required to give mandatory disclosure of prior policy premium when issuing a renewal policy to a policyholder.
Louisiana Insurance Commissioner Tim Temple sent an advisory letter to...
Berkshire Hathaway's operating earnings fell by 4% for the quarter versus 2024. Per-share operating income decreased by 4% for the quarter, with no share repurchases over the past year. (Photo by Chip Somodevilla/Getty Images)Getty Images
Berkshire Hathaway (BRK/A, BRK/B) reported second-quarter earnings of almost...
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported net underwriting earnings of $2 billion and $3.3 billion for the second quarter and first half of 2025, respectively, both down on the comparable prior year periods, as the firm’s primary insurance...
