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Berkshire Hathaway P&C reinsurance boosted by Tokio Marine deal, as property volumes fall

Berkshire Hathaway, the American multinational conglomerate holding company, reported that its recent whole account quota share reinsurance agreement with Tokio Marine boosted premium volumes in the second-quarter, which otherwise would have fallen primarily due to lower property underwriting volumes. Berkshire Hathaway reported that overall re/insurance underwriting earnings fell in the second-quarter compared to the prior…

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What Is The Friendship Depth Gap?

People are lonelier than ever – that’s hardly breaking news. Everyone has a theory about why. Social media usually gets the blame; streaming platforms like Netflix are often part of the conversation; and, increasingly, AI is making the list. In 2023, the U.S. surgeon general warned that the country was facing a “loneliness epidemic.” The…

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Live updates: Saudi Arabia, Turkey and Pakistan sign NATO-style defense pact amid escalating Iran conflict

Yemen’s Iran-backed Houthi rebels claimed heavy strikes on government military camps in two eastern provinces this week, reportedly killing 30 troops. The Houthis declared a “large scale” operation on Thursday with ballistic missiles and drones in several areas of Yemen, citing Saudi military buildups “aimed at escalating the aggression” in areas under their control. The…

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