Read what Warren Buffett, chief executive officer of Berkshire Hathaway, has to say about his successor, his companys insurance operations, the economy, and a newspaper-throwing challenge.

Insurance broker Aon says it has acquired a provider of member services for the rent-to-own market to join its consumer, association and group program business, while Willis Group Holdings says a subsidiary of Credicorp Ltd. has acquired close to 50 percent interest in Willis Peru.

Berkshire Hathaways insurance group reported a 30.5 percent drop in pre-tax earnings in 2011, driven mainly by $2.6 billion in pre-tax losses from catastrophe events.

The strong and vibrant E&S market is showing clear signs of firming