Menu

Reinsurance News

Berkshire Hathaway

Berkshire Hathaway’s reinsurance division falls to loss in 2019

22nd February 2020

Berkshire Hathaway's insurance earnings dipped in 2019 as reinsurance related businesses suffered and dragged that segment of the Warren Buffett owned conglomerate to a loss for the year. The Berkshire Hathaway Reinsurance Group fell to an underwriting loss of -$1.472 billion for 2019, worse than 2018's -$1.109 billion. Impacting the insurance and ... Read the full article

Insurtech Bold Penguin in workers comp partnership with Berkshire

29th January 2020

Commercial insurtech provider Bold Penguin has partnered with biBerk, a member of the Berkshire Hathaway Group, to address growing demand for workers compensation coverage. Under the arrangement, agents and brokers using the Bold Penguin platform will now be able to triage, quote, and bind commercial insurance coverage available through an API ... Read the full article

Berkshire Hathaway unit looks to AI with CLARA analytics deal

17th January 2020

Berkshire Hathaway Homestate Companies has selected CLARA analytics, a provider of artificial intelligence technology in the commercial insurance space, as it looks to advance its workers’ compensation claims operations. BHHC will integrate the full suite of CLARA products, including CLARA providers, CLARA litigation and CLARA claims as well as its popular ... Read the full article

President, CEO of Berkshire Hathaway’s GEICO to retire

24th December 2019

GEICO, the auto insurance arm of reinsurance and investments giant Berkshire Hathaway, has announced that its president and Chief Executive Officer, Bill Roberts, will retire in December 2020. Roberts began his career with GEICO in 1984 as an officer in the Marketing department. He will become vice chairman of GEICO effective ... Read the full article

Berkshire (BHSI) names Warrior Head of D&O Liability underwriting, UK & Ireland

26th November 2019

Berkshire Hathaway Specialty Insurance (BHSI), a division of Warren Buffett's Berkshire Hathaway, has hired Chris Warrior as Head of Directors' & Officers' Liability underwriting for UK & Ireland, based in the firm's London office. The appointment expands the company's European team with the addition of Warrior, who brings 36 years of ... Read the full article

Berkshire Hathaway earnings dip offset by P&C reinsurance gains

4th November 2019

Warren Buffett’s property and casualty (P&C) reinsurance businesses at Berkshire Hathaway have reported underwriting earnings of $314 million, helping to offset an overall decline in earnings for the company during the third quarter of 2019. The P&C reinsurance underwriting result was almost five times higher than the $67 million reported in ... Read the full article

Berkshire Hathaway enters casualty & construction markets in France

28th October 2019

Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has commenced underwriting casualty and construction insurance in France. As part of this move, the company also announced the appointments of Olivier Antiphon as Head of Construction and Anne-Sophie Bonifay as Head of Casualty for ... Read the full article

Berkshire (BHSI) enters Australian surety market

21st October 2019

Berkshire Hathaway Speciality Insurance (BHSI), a division of Warren Buffett's Berkshire Hathaway, has announced its entry into the Australian surety market, and has appointed Jonathan Griffiths as Head of Surety, Australia. Currently, BHSI provides surety products in the U.S., Canada, UK & Europe, and Asia. The new offering in Australia will ... Read the full article

Berkshire’s MedPro gets renewal rights for Swiss Re CorSo health book

14th October 2019

MedPro Group, Berkshire Hathaway's U.S. healthcare liability insurer, has entered into a definitive agreement to acquire the renewal rights of Swiss Re Corporate Solutions' Healthcare Professional Liability book, effective October 11th, 2019. According to an announcement on the deal, the agreement includes Hospital and Senior Care accounts underwritten by Swiss Re ... Read the full article

Oscar Health in reinsurance deal with Berkshire Hathaway: Reports

16th August 2019

U.S. domiciled health insurer Oscar Health has entered into a new multi-year quota share reinsurance agreement with Berkshire Hathaway's National Indemnity Company (NICO), reports Forbes. Oscar Health established itself as a startup with a focus on providing Obamacare coverage, but according to reports, is looking to expand within the individual and ... Read the full article

BHSI adds reinstatement clause to professional liability product

13th August 2019

Berkshire Hathaway Specialty Insurance (BHSI), a division of Warren Buffett's Berkshire Hathaway, has announced that it has enhanced its Asia Executive First Directors & Officers (D&O) Liability Insurance to include a provision that reinstates policy limits exhausted by an entity or by individual needs. The reinstatement provision is automatic and is ... Read the full article

Berkshire Hathaway reports reinsurance underwriting loss & creep

5th August 2019

Warren Buffett’s property and casualty reinsurance businesses at Berkshire Hathaway have been hit by loss creep from prior year events, which have dented the quarter and half-year, lowering revenues for the unit by almost half. After a first-quarter of 2019 when Berkshire Hathaway suffered from technical losses on the underwriting ... Read the full article

Berkshire Hathaway’s GEICO launches first telematics program

31st July 2019

GEICO, the auto insurance arm of reinsurance and investments giant Berkshire Hathaway, has launched and is trialling its first telematics product, named DriveEasy. The push into telematics based solutions to provide analytics and intelligence on driver performance has likely been driven by a desire to reign in claims costs, while charging ... Read the full article

Berkshire Hathaway suffers Q1 underwriting losses again

4th May 2019

For the second consecutive year, Warren Buffett's reinsurance businesses at Berkshire Hathaway have suffered an underwriting loss for the first-quarter, but the overall performance of the re/insurance segment of the conglomerate rose thanks to investment returns. For Q1 2019, Berkshire Hathaway's re/insurance underwriting income was $389 million, down on the prior ... Read the full article

Hartford buying ADC for Navigators from Berkshire Hathaway

2nd May 2019

The Hartford has announced that it plans to buy $300 million of adverse development cover (ADC) from Berkshire Hathaway to protect it against unfavourable loss reserve movement at The Navigators Group, which The Hartford is in the process of acquiring. Subject to the closing of its acquisition this summer, The Hartford ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.