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Ajit Jain bets on Lloyd’s as Berkshire Hathaway changes its tune

18 March 2013

Berkshire Hathaway's mammoth Lloyd's co-insurance deal with Aon is the most visible demonstration yet of reinsurance supremo Ajit Jain's significant strategy change from being an in-and-out opportunistic capital provider for distressed buyers to a consistent through-the-cycle counterparty.

As first revealed by The Insurance Insider last week, the sidecar-style arrangement will see Berkshire Hathaway's UK arm take a 7.5 percent quota share across Aon's estimated $2.5bn book of retail subscription business that has some level of Lloyd's participation, however modest. The...

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This article was published as part of issue March 2013/3

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