Reinsurance News

General Re

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

Gen Reinsurance AG adds two new members to Executive Board

4th April 2023

Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, has announced that both Margaret McAuliffe and Alexander Zeller have been appointed to the Executive Board of General Reinsurance AG. General Reinsurance AG is Gen Re’s German legal entity and the main risk carrier for its international business. McAuliffe is General Reinsurance AG’s ... Read the full article

Berkshire Hathaway reports strong Q2 2022 P&C reinsurance result

6th August 2022

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, had another very successful quarter in its P&C reinsurance business in Q2 2022, with the unit driving an improvement in underwriting result across its insurance enterprise. Overall, Berkshire Hathaway delivered a $581 million insurance and reinsurance underwriting result in the second-quarter of ... Read the full article

17 US reinsurers wrote $22.7bn of net premiums in Q1: RAA

1st June 2022

A group of US property and casualty reinsurers wrote $22.7bn of net premiums during Q1 2022, compared to $17.8bn in the same quarter of the preceding year. These results have just been released by the Reinsurance Association of America (RAA), which surveyed seventeen property and casualty reinsurers. The combined ratio for the ... Read the full article

Gen Re chairman speaks of Indian business challenges

18th August 2017

Winfried Heinen, chairman of Gen Re's executive board of directors, spoke out against the regulatory hurdles of operating in India, saying the requirement to hold capital within the Indian branch would mean higher costs are passed on to consumers, in a recent interview with The Hindu. “I think I am not ... Read the full article

Buffett’s Berkshire Hathaway in talks to acquire IRB Brasil Re stake: Reports

25th July 2017

Bloomberg has reported that Warren Buffett's Berkshire Hathaway is in talks to acquire a stake in Brazilian reinsurer, IRB Brasil Resseguros S.A. (IRB Brasil Re), after the Rio de Janeiro-based firm launched an initial public offering (IPO) on Friday July 7th, 2017. Reinsurance News reported that IRB Brasil Re, Brazil's largest ... Read the full article