(Reuters) -Brown & Brown posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand.
Insurance spending has continued to grow, even as businesses and individuals pull back in other areas, driven by efforts to guard against climate-related disasters and emerging risks such as cyber threats.
The sector's resilience stems from its role as a financial safeguard,... (continue reading...)
(Reuters) -Berkshire Hathaway will sell about one-third of its more than $4 billion stake in VeriSign, an internet infrastructure and domain name registry company that Warren Buffett's conglomerate has invested in since 2012, VeriSign said on Monday.
VeriSign, based in Reston, Virginia, said the sale of 4.3 million shares was intended to reduce Berkshire's stake to below 10%, a threshold that triggers regulatory obligations.
Berkshire may... (continue reading...)
(Reuters) -Hartford reported a 35% jump in second-quarter profit on Monday, as insurance spending remained strong and investment income rose.
Despite reduced discretionary spending due to geopolitical and economic uncertainties, individuals and businesses continued prioritizing insurance investments to safeguard against risks.
This trend benefited multi-line insurers such as Hartford, which reported that property and casualty (P&C) written... (continue reading...)
(Reuters) -Nucor on Monday posted a fall in second-quarter profit, as rising raw material costs pressured the company’s steelmaking segment, sending its shares down 3.8% after the bell.
While U.S. steelmakers benefited from President Trump's tariffs on steel imports — which pushed spot prices higher — the quarter also saw increased raw material costs.
The company said it expects third-quarter earnings to be slightly lower than in the second... (continue reading...)
By Sarah Morland
(Reuters) -Caribbean nations are looking to "decisively" broaden opportunities for trade with Africa, the secretary-general of its regional bloc said on Monday, in view of looming uncertainty with its more traditional trade partners.
WHY IT'S IMPORTANT
Stronger trade ties with Africa would signal a key economic shift in a region relies heavily on trade with the U.S., Canada and Europe, in a period of growing... (continue reading...)
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