Berkshire Hathaway

Berkshire Hathaway hit by reserving, cat losses in Q3; Geico a bright spark
4 November 2024   Guard Insurance reserving and remediation sink primary, cats and legal claim hits reinsurance.

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Insurance
"We want to be known as a claims-paying organisation," Chris Colahan, Berkshire Hathaway Specialty Insurance, tells Intelligent Insurer.
News
European re/insurers are leading the charge towards forcing the eventual abdication of 'king' coal. How successful will the industry be in toppling the age-old monarch of fossil fuels, and why are climate campaigners still frustrated? Intelligent Insurer investigates.
Insurance
The London Market, along with its flagship Lloyd’s, is falling behind in the important high-growth Asian insurance market as well as in major emerging markets such as Latin America.
Insurance
American International Group’s US casualty business has performed significantly worse than expected by the firm in recent years, resulting in a $3 billion loss in the fourth quarter of 2016 as the company reacted by striking a reinsurance deal and significantly increasing claims loss reserves.
Insurance
While rates are showing signs of flattening out, the soft market is far from over and reinsurers are having to make tough choices on retaining market share versus protecting profits. Intelligent Insurer reports.
News
At this moment in time, big cedants retaining more risk is a hot topic. Intelligent Insurer examines why this is happening and what it means.
Insurance
Despite its vital role allowing global economies to work smoothly while providing security, protection and peace of mind to its customers, the insurance industry struggles to gain respect—perhaps it just needs to communicate better, better, says Mike Morrissey.
Insurance
Berkshire Hathaway’s recent arrangement with Aon, whereby it takes a 7.5 percent quota share on all retail subscription business with some Lloyd’s participation, has caused controversy in the industry. Intelligent Insurer asked a range of industry figures: “Do you believe it represents an innovative blueprint of things to come in the industry, or a potential threat to underwriting expertise?”
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23 September 2024   The company has launched a new Italian operation.
13 September 2024   The insurer has made trio of leadership appointments following ‘excellent’ growth in Canada.
6 September 2024   The executive has held various leadership positions since joining in 2016.
27 August 2024   The executives boast pedigree from Swiss Re, SiriusPoint & Chaucer.
5 August 2024   The reinsurance segment shrunk GPW 5.4% y/y in Q2, citing property reductions.
23 July 2024   It has nabbed a surety expert to answer ‘an expressed need’ in Spanish market.
2 July 2024   It will offer specialty underwriting services in the Nordic market.
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