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Berkshire Hathaway

Berkshire Hathaway GUARD partners with AI platform Planck

7th March 2019

Berkshire Hathaway GUARD Insurance Companies, a U.S subsidiary of Warren Buffett’s global re/insurance company, is partnering with Artificial Intelligence (AI) data platform Planck in an effort to optimise underwriting processes for its small and medium business segment. It’s hoped the insights provided by Planck will allow GUARD’s underwriters to focus on ... Read the full article

Berkshire Hathaway’s Dublin unit granted approval ahead of Brexit

6th March 2019

Berkshire Hathaway Insurance Group has announced that its new Irish subsidiary, Berkshire Hathaway European Insurance DAC (BHEI), has been granted a Certificate of Authorisation by the Central Bank of Ireland to operate as an insurer in Ireland and the European Economic Area (EEA). Based in Dublin, BHEI will operate as a ... Read the full article

Berkshire Hathaway GUARD to launch new Commercial Package product

27th February 2019

Berkshire Hathaway GUARD Insurance Companies, a U.S subsidiary of Warren Buffett’s global insurance and reinsurance company, is adding a Commercial Package product that will include coverages for Property, General Liability, Umbrella, and Employment-Related Practices Liability Insurance (EPLI). GUARD Chief Executive Officer (CEO) Sy Foguel explained that the company is planning for ... Read the full article

Berkshire Hathaway’s primary gains offset reinsurance underwriting loss in 2018

23rd February 2019

Berkshire Hathaway reported an underwriting loss for its reinsurance businesses in 2018, but this was more than offset by strong gains in the primary insurance and GEICO businesses. Reporting its annual results today, Warren Buffett's insurance and reinsurance businesses clearly saw mixed fortunes in 2018, with catastrophe losses denting the fourth-quarter ... Read the full article

Berkshire Hathaway expected to report elevated combined ratios

22nd February 2019

Warren Buffett's insurance and reinsurance divisions of Berkshire Hathaway are expected to report elevated combined ratios in the firm's annual results this week, with catastrophes, attritional weather claims and adverse development of longer-tailed liabilities all expected to have dented its performance. Berkshire Hathaway is scheduled to report its annual results on ... Read the full article

Berkshire Hathaway to launch three-page insurance product for small businesses

11th February 2019

The Insurance Group of Warren Buffett's conglomerate Berkshire Hathaway has announced the launch of a concise and comprehensive three-page insurance product for small businesses called THREE. The company hopes to cut down the lengthy and time-consuming processes currently required for a small U.S business to secure the necessary cover. THREE provides insurance ... Read the full article

Berkshire Hathaway, Chinese insurers climb “World’s Largest” ranking

8th January 2019

The insurance operations of Warren Buffett's conglomerate Berkshire Hathaway Inc. and China's largest insurance companies are the biggest climbers in A.M. Best's ranking of the World's Largest Insurers. The ranking of the world's largest insurance companies is available to view here on Reinsurance News, in collaboration with A.M. ... Read the full article

Berkshire Hathaway withdraws from Hong Kong terrorism pool

11th December 2018

Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has withdrawn from the Hong Kong Employees’ Compensation (EC) terrorism pool effective 1 December 2018. Instead, BHSI will now offer terrorism coverage to customers directly, making them the first insurer to do so. This decision benefits all BHSI’s new and existing EC customers ... Read the full article

Berkshire Hathaway’s underwriting profits rise on fewer catastrophe losses

5th November 2018

The insurance and reinsurance units of Warren Buffett’s Berkshire Hathaway have experienced a strong bounce back from the major catastrophe losses of the prior year, delivering almost $1.8 billion of underwriting profit for the first nine-months of 2018. Berkshire Hathaway has reported a $441 million underwriting profit for Q3 2018, a ... Read the full article

Berkshire Hathaway pegs hurricane Michael loss at up to $550m

4th November 2018

In announcing its latest quarterly results this weekend, Berkshire Hathaway, the Warren Buffett owned giant conglomerate, said that its insurance and reinsurance businesses expect up to $550 million of catastrophe losses from hurricane Michael. Hurricane Michael struck the Florida Panhandle a deadly blow on October 10th, coming ashore as a major ... Read the full article

Berkshire Hathaway’s insurance units outlook returns to stable: S&P

28th September 2018

S&P Global Ratings has revised its outlook of the operating insurance subsidiaries of Warren Buffett's Berkshire Hathaway from negative to stable, due to improved capitalisation. The revision incorporates S&P’s view that Hathaway’s insurance subsidiaries will maintain combined capital adequacy that is redundant at the AA confidence level on a prospective basis, ... Read the full article

Berkshire Hathaway Specialty Insurance bolsters Dubai leadership

20th September 2018

The insurance arm of Warren Buffett's global insurance and reinsurance company, Berkshire Hathaway Specialty Insurance Company (BHSI), continues to expand its leadership team in Dubai with the announcement of numerous executive appointments. The company announced earlier this year that it had received its license from the Dubai Financial Services Authority ... Read the full article

Berkshire Hathaway’s re/insurance underwriting & investment drive strong Q2

6th August 2018

The insurance and reinsurance businesses at Warren Buffett’s Berkshire Hathaway recorded strong earnings for the second-quarter of 2018, as both underwriting revenues and investment income beat the prior year. Berkshire Hathaway reported $943 million of underwriting profit after tax for Q2 2018, up from a loss of -$22 million in the ... Read the full article

Amazon, Berkshire Hathaway, JPMorgan name CEO of new healthcare company

21st June 2018

Amazon, Berkshire Hathaway and JPMorgan Chase have appointed Dr. Atul Gawande as Chief Executive Officer (CEO) of the trio’s non-profit, U.S. employee healthcare partnership. The role, effective July 9, will see Gawande serve from the new company’s headquarters in Boston. Warren Buffett, Jeff Bezos and Jamie Dimon - CEOs of Berkshire ... Read the full article

Global reinsurer rankings volatile, Berkshire Hathaway breaks into top 3: S&P

30th May 2018

S&P Global has reported that the rankings of the largest global reinsurers could be subject to volatility, as Warren Buffett’s Berkshire Hathaway was propelled into the top 3 last year following the $10.2 billion premium it collected from its adverse development deal with AIG. Further disruption could be caused by ... Read the full article

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