Buffett, 94, will leave his position at the end of the year.

Tariffs have damaged the country’s image and raised the odds of a recession, Evan Greenberg said.

The new rule allows insurance carriers to compute rates by using catastrophe models that incorporate the growing risk of natural disasters.

Insurers are starting to get a feel for the how large the impact will be from back-to-back hurricanes Helene and Milton.

'Clients definitely had rate fatigue.'

AXA SA's CEO also expects more claims to develop as geopolitical crises multiply.

The firm has executed several buyback programs totaling about €3.2 billion over the past two years.