Reinsurance companies

Warren Buffett's company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well.

Berkshire Hathaway said it lost $12.8 billion in the quarter. That's significantly bigger than the $2.8 billion loss that it reported a year ago.

Total economic losses from natural and man-made disasters have soared by 63 percent to strike an estimated $306 billion in 2017, reinsurance firm Swiss Re said on Dec. 20.

US multinational insurance corporation AIG is withdrawing from the insurance business in Bulgaria as part of its decision to leave several markets.

Earlier in October, it announced it would sell some of its Latin American and Eastern European businesses to Canadian company Fairfax Financial Holdings Limited.

Standard & Poor's said on June 8 the outcome of Turkey's general election had no immediate impact on its BB+ sovereign credit ratings on the country.