Most read stories for the week include a story on Berkshire Hathaway and Swiss Re ending a crisis-era adverse development pact and a Moody's report on increasing climate change risks for insurance companies.
Berkshire Hathaway, Swiss Re end crisis-era adverse development pact
Berkshire Hathaway Inc. and Swiss Re AG commuted a reinsurance treaty that harkens back to a much different time in the financial markets.
Counterparties monitoring Scottish Re situation as Chapter 11 case proceeds
Certain entities with business reinsured by the U.S. unit of Scottish Re Group Ltd. are keeping tabs on the Chapter 11 bankruptcy proceedings of Scottish Holdings, Inc. and Scottish Annuity & Life Insurance Co. (Cayman) Ltd.
Goldman signals it will stay the course with likely succession plan
Goldman Sachs Group Inc. President and co-COO Harvey Schwartz would retire, effective April 20, leaving David Solomon as the company's lone president and COO, but Goldman Sachs is showing no sign that it will veer from its current strategic plan.
Moody's sees increasing climate change risks for insurance companies
Climate change poses several threats to the insurance industry, particularly to the property and casualty insurance and reinsurance sectors, Moody's Investors Service said.
Asset managers could have changed outcome of 10 climate disclosure proposals
Two of the biggest global asset managers had enough sway behind their votes that they could have ensured that a significantly larger number of shareholder proposals on climate change gained majority support in the 2017 proxy season.
