Reinsurance News
Berkshire Hathaway
Berkshire Hathaway is an American multinational conglomerate holding company, famous for its diverse portfolio of wholly-owned businesses. This page contains news about Berkshire Hathway’s insurance and reinsurance businesses, as well as its financial reporting.
Within that, Berkshire Hathaway has a meaningful insurance and reinsurance operation and under the watch of Warren Buffett this has grown into one of the most meaningful players in the global reinsurance market.
Berkshire Hathaway Reinsurance Group encompasses GenRe, TransRe and its life reinsurance operations.
Given its size and breadth of operations, Berkshire Hathaway has famously used the insurance premium float generated by its primary and reinsurance operations to fuel its enormous investment firepower.
With such diversification and depth of capital across its business, Berkshire Hathaway is know for being strategic and tactical in how it underwrites reinsurance business, growing and shrinking its capital deployments into the sector depending on its view of price adequacy and relative value compared to its other opportunities.
Warren Buffett hands Berkshire Hathaway CEO role to Greg Abel
6th May 2025
Berkshire Hathaway's Board of Directors has unanimously voted to appoint Greg Abel, Vice Chairman Non-Insurance Operations, as President and CEO, effective January 1, 2026, following a recommendation from Chairman and CEO Warren Buffett. Buffett, a renowned investor and longtime company leader, will remain Chairman of the Board of Directors. At the Berkshire ... Read the full article
Berkshire Hathaway’s GEICO offsets underwriting losses at reinsurance and primary units in Q1’25
3rd May 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a $1.3 billion decrease in net underwriting earnings across its insurance and reinsurance operations to $1.34 billion for the first quarter of 2025, compared with $2.6 billion in the prior year first quarter, amid significant losses from the Southern ... Read the full article
BHSI promotes Louise Kidd to Head of Underwriting in Europe
1st April 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Louise Kidd as the new Head of Underwriting for Europe. With over 22 years of experience in the insurance industry, Kidd is well-equipped to lead BHSI’s underwriting strategy across the region. Kidd joined BHSI in ... Read the full article
BHSI promotes Anthony Tatulli to Head of Liability, E&P Lines
26th March 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance, has promoted Anthony Tatulli to the expanded role of Head of Liability, Executive & Professional (E&P) Lines. In this role, Tatulli will continue leading BHSI’s E&P Lines business while also overseeing the company’s Casualty and Healthcare divisions, ... Read the full article
Berkshire Hathaway’s re/insurance underwriting gain rises to $9bn in 2024 as firm pegs LA wildfire loss at $1.3bn
22nd February 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a 66% year-on-year rise in net underwriting earnings for its insurance and reinsurance businesses in 2024 to $9.02 billion. 2024 was another strong year for Berkshire's re/insurance operations as the underwriting performance of its Berkshire Hathaway Reinsurance Group and GEICO ... Read the full article
Ranked by 2023 NPW, health carriers again dominate list of world’s largest insurers
3rd January 2025
In terms of net premiums written (NPW), health insurance companies continued to dominate in 2023 as four out of the top five were US-based health insurers, with UnitedHealth Group holding on to the top spot for the 10th year in a row with NPW growth of 13%. Our ranking of ... Read the full article
GEICO performance offsets Q3’24 losses at Berkshire Hathaway’s primary & reinsurance units
2nd November 2024
Net underwriting earnings across Berkshire Hathaway's insurance and reinsurance operations declined to $750 million in the third quarter of 2024, as the strong performance at GEICO more than offset underwriting losses at both the firm's primary insurance and reinsurance businesses. The net underwriting result of Berkshire Hathaway's re/insurance businesses fell 69% ... Read the full article
BHSI promotes Theresa Biedermann to SVP, E&P Lines Claims
6th September 2024
Property and casualty insurer, Berkshire Hathaway Specialty Insurance (BHSI), has announced the promotion of Theresa Biedermann to Senior Vice President (SVP), Head of Commercial Lines (Public) and Financial Institutions Claims for Executive & Professional (E&P) Lines Claims in the US. Robert Romeo, Head of Claims, North America at BHSI, commented, “All ... Read the full article
Munich Re & Swiss Re remain the world’s largest reinsurers
3rd September 2024
Reinsurance giant's Munich Re and Swiss Re remain the two largest global reinsurers across the globe according to data from ratings agency AM Best. In prior years, the agency ranked the top 50 global reinsurers in a single list, but now, with the adoption of IFRS 17, the ... Read the full article
Berkshire Hathaway’s re/insurance businesses deliver $2.3bn net underwriting result for Q2’24
4th August 2024
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has achieved an 82% year-on-year rise in net underwriting earnings across its insurance and reinsurance businesses for the second quarter of 2024, as the firm's property and casualty (P&C) reinsurance operation again generated more than $1 billion in underwriting profit. Within P&C ... Read the full article
Berkshire Hathaway absent, Bermuda & collateralised reinsurers dominate Florida Citizens renewal
23rd July 2024
After taking a $1 billion slice in 2023, it's notable that Berkshire Hathaway did not participate in Florida Citizens Property Insurance Corporation's 2024 catastrophe reinsurance renewal, which was dominated by Bermuda-based and collateralised reinsurers. As we reported previously, Florida’s property insurer of last resort secured a cost-effective risk transfer program ... Read the full article
Jesús Barbero named BHSI Head of Surety in Spain
22nd July 2024
Berkshire Hathaway Specialty Insurance Company (BHSI), the insurance arm of Warren Buffett's global re/insurance company, has entered the surety market in Spain. Jesús Barbero is to lead the new product line. Constanza Gállegos, Country Manager, BHSI in Spain, stated: "We are excited to lead BHSI’s entry into the European surety market. “By ... Read the full article
IAG reduces earnings volatility with long-term reinsurance agreements
28th June 2024
IAG has purchased reinsurance protection to mitigate natural perils volatility for the next five years, alongside securing adverse development cover for its long-tail reserves from Enstar. IAG has entered into a comprehensive five-year natural perils reinsurance agreement starting from July 2024 with National Indemnity Company, a subsidiary of Berkshire Hathaway Inc ... Read the full article
Berkshire Hathaway P&C reinsurance underwriting profit surpasses $1bn in Q1 2024
4th May 2024
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has surpassed $1 billion in underwriting earnings in its property and casualty (P&C) reinsurance operations during the first-quarter of 2024, up almost 160% year-on-year. With P&C reinsurance premiums written rising by nearly 3%, to $6.455 billion for the three month period, driven ... Read the full article
Berkshire (BHSI) appoints Louis du Ché as Country Manager, France
17th April 2024
Berkshire Hathaway Specialty Insurance (BHSI) has recently appointed Louis du Ché to the additional role of Country Manager for France, alongside his current position as Country Manager, Belgium. Alessandro Cerase, Head of Europe at BHSI, remarks, “Louis has been instrumental in establishing our stellar team and growing our presence in Belgium.” Cerase ... Read the full article
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