The billionaire left the world guessing on Saturday by reiterating that the Omaha, Neb.-based companys board has the right person for the job without identifying the executive in the document.

The billionaire left the world guessing on Saturday by reiterating that the Omaha, Neb.-based companys board has the right person for the job without identifying the executive in the document.

Greg Abel, the chairman and CEO of Berkshire Hathaways energy unit, saw his pay more than double last year to $27.6 million, driven by a cash payout under an incentive plan established six years ago.

Read this before looking at Warren Buffetts letter for the ages.

Third Point Reinsurance doesn't expect to make any mergers in the near term.

Axis Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry.

General Re named Robert M. Jones and Carole M. Ferrero to lead direct sales of property-casualty coverage.

Berkshire Hathaway is pushing to sell more insurance to energy and construction companies by offering as much as $25 million in new pollution coverage.