Most-read stories for the week include a piece on Berkshire Hathaway's investment portfolio and Jan. 1 reinsurance renewals revealed changes to primary insurers' strategies.
Only 1 stock in S&P 500 Financials Index ended December in the green
The Hartford Financial Services Group Inc. was the only company out of 67 in the S&P 500 Financials Index to end December 2018 in positive territory, with a 0.6% return.
Apple takes a bite out of Berkshire's investment portfolio
The five largest investment holdings within Berkshire Hathaway Inc.'s property and casualty subsidiaries are down over $25 billion since the end of the third quarter of 2018.
MetLife reaches fork in the road with CEO transition
Outgoing MetLife Inc. CEO Steven Kandarian spent years having to explain what the company is not. His successor could provide a clearer picture of what it will be, analysts said after Michel Khalaf's promotion was announced.
Jan. 1 reinsurance renewals reveal big changes to primary insurers' strategies
Large insurance groups are following Lloyd's of London in getting tough on unprofitable business, judging from discussions around the Jan. 1, 2019, reinsurance renewals, according to James Vickers, international chairman at reinsurance broker Willis Re. Roughly 50% to 60% of the world's reinsurance renews each year Jan. 1, with a bias toward European business.
Rothesay interest could grant Swiss Re full exit from UK closed life unit
U.K. life insurance consolidator Rothesay Life PLC's rumored interest in buying Swiss Re AG's U.K. closed life insurance business could allow the Swiss reinsurer to make a complete exit from the division, according to one analyst. But another has doubted whether Swiss Re would be willing to sell its entire stake.