Warren Buffett’s insurance and reinsurance entity, Berkshire Hathaway Inc., has announced the additions of both Susan A. Buffett and Christopher C. Davis to its Board of Directors.
Susan Buffett currently serves as the Chairperson of the Susan Thompson Buffett Foundation and also the Chair of the Sherwood Foundation, both of which are private, grant-making foundations based in Omaha, Nebraska.
Christopher Davis acts as Chairman of Davis Select Advisors, an investment management company that oversees more than USD 25 billion in assets.
The announcement from Berkshire comes ahead of the release of its third-quarter 2021 financials.
During the second-quarter of the year, the company reported a decline in underwriting profit, with earnings at GEICO and Berkshire Hathaway Primary Group more than offsetting an underwriting loss at its reinsurance division.