Reinsurance News

Berkshire Hathaway

Berkshire Hathaway’s NICO invests in Ariel Re

10th January 2022

National Indemnity Company (NICO), part of Warren Buffett's insurance and reinsurance firm Berkshire Hathaway, has expanded its strategic alignment with reinsurer Ariel Re through an investment and multi-year quota share agreement. NICO has both invested in Ariel Re Convertible Notes and extended its underwriting commitment to Ariel Re's Syndicate 1910 at ... Read the full article

Berkshire Hathaway announces $1.5bn Q3 reinsurance cat hit

8th November 2021

The reinsurance business of Warren Buffet-owned holding company Berkshire Hathaway has announced $1.5 billion in catastrophe-driven losses and loss provisions for 2021's third quarter, a figure that rises the firm’s overall losses and loss adjustment expenses by $442 million against the prior year quarter. Overall 9M cat losses of $1.9 billion ... Read the full article

Fidelis renews quota share with Berkshire Hathaway

25th October 2021

Bermuda-based holding company Fidelis has renewed its 20% whole account quota share with Berkshire Hathaway for 2022. Richard Brindle, Chairman and Group Chief Executive Officer of Fidelis said the deal will enable the company to continue supplying significant capacity to clients. “I continue to believe that there is considerable need for lead ... Read the full article

Berkshire Hathaway adds two to Board of Directors

21st October 2021

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 ... Read the full article

BHSI announces senior promotions

4th October 2021

Berkshire Hathaway Specialty Insurance (BHSI) has promoted Hilary Browne to the additional role of Regional Executive, UK and Europe, and Vanessa Maxwell to the additional role of Country Manager, UK. Browne will work closely with Chris Colahan, Head of UK & Europe, serving as deputy head of BHSI in the UK ... Read the full article

BHSI France names new Head of Customer & Broker Engagement

9th September 2021

Berkshire Hathaway Specialty Insurance (BHSI) has named Camille Luciani as Head of Customer & Broker Engagement in France. Luciani brings just under 25 years of experience spanning both the insurer and brokerage sides of the business. She was most recently Customer & Distribution Manager, Corporate Solutions, at Swiss Re where she stayed ... Read the full article

Berkshire Hathaway’s reinsurance arm falls to Q2 loss, but P&C result improves

9th August 2021

Berkshire Hathaway has reported a dip in net underwriting profit for the second quarter of 2021, as earnings at GEICO and Berkshire Hathaway Primary Group more than offset an underwriting loss at its reinsurance division. Across the Group, underwriting income fell by more than 53%, year-on-year, from $806 million to $376 ... Read the full article

Berkshire Hathaway adds additional €40mn into its insurance company

28th June 2021

According to The Irish Times, Warren Buffett’s Berkshire Hathaway has added an additional €40 million into its insurance company to bolster its capital levels. The funding was provided back in February and by way of new shares and brought its share capital to €176 million. The publication also noted that the Nebraska-based ... Read the full article

Berkshire Hathaway’s reinsurance unit hit by Uri & COVID mortality claims

3rd May 2021

Berkshire Hathaway's global reinsurance business continued to feel the effects of the COVID-19 coronavirus pandemic during the first-quarter of the year, with mortality claims driving the life reinsurance business to a loss. At the same time, Berkshire Hathaway’s property and casualty reinsurance division delivered a profitable quarter's underwriting, despite a $310 ... Read the full article

Berkshire (BHSI) names Rachel Simon as SVP

9th March 2021

Berkshire Hathaway Specialty Insurance (BHSI), part of Berkshire Hathaway, has appointed Rachel Simon as Senior Vice President (SVP), Head of U.S. Commercial Private and Nonprofit, Professional Lines and Transactional Liability Claims. Simon joins BHSI with over two decades of Executive and Professional Lines experience, most recently working at Great American Insurance ... Read the full article

Berkshire Hathaway’s reinsurance underwriting loss widens on COVID & catastrophes

27th February 2021

Berkshire Hathaway’s insurance and reinsurance business suffered the effects of the global pandemic and severe catastrophe events in 2020, driving the reinsurance underwriting loss higher to -$2.7bn for the year. A year ago, the reinsurance business of the Warren Buffett owned conglomerate, Berkshire Hathaway Reinsurance Group, fell to an underwriting loss ... Read the full article

Berkshire Hathaway (BHSI) adds Brady Head to Executive leadership

7th January 2021

Berkshire Hathaway Specialty Insurance (BHSI), a division of Warren Buffett's Berkshire Hathaway, has appointed Brady Head as Senior Vice President (SVP), Product Line Officer for D&O Liability Insurance in North America. Head joins the company after 27 years with global insurer and reinsurer AIG, where he most recently served as Head ... Read the full article

Amazon, Berkshire-backed healthcare venture Haven to shut down

5th January 2021

Haven, the joint healthcare venture launched by Amazon, Berkshire Hathaway and JP Morgan in 2018, is set to shut down and disband by the end of the month, sources at CNBC have reported. The three companies originally partnered to tackle the “ballooning costs of healthcare” in the US market through ... Read the full article

Berkshire Hathaway GUARD selects new commercial fleet telematics program

11th December 2020

Berkshire Hathaway GUARD, a subsidiary of Warren Buffett’s global re/insurer, has selected IMS to provide a new commercial fleet insurance program. TrackMRI (Monitor, React, Improve) is a commercial fleet insurance telematics solution that includes device logistics support, data collection, scoring, fleet behaviour assessment and program analytics. As part of the program, IMS ... Read the full article

Berkshire Hathaway plans virtual 2021 shareholder meeting

3rd December 2020

Warren Buffett's Berkshire Hathaway has announced that its 2021 annual meeting of shareholders will be held virtually on May 1st. The format for next year’s meeting will be similar to the 2020 meeting, which could not be held in-person due to the ongoing COVID-19 pandemic. Like this year, shareholders will instead be ... Read the full article

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