Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Berkshire trebles profits, but reins in reinsurance

7 November 2009

Just days after announcing its largest ever acquisition, Berkshire Hathaway has unveiled third quarter net profits that almost trebled from $1.1bn to $3.2bn on the back of rebounding stock index derivative contracts.

But despite the significant recovery in the investment conglomerate's net worth, the sheer scale of its impending Burlington Northern Santa Fe Corporation (BNSF) takeover means it will continue to constrain business written by its reinsurance arm, it said.

In its 10-Q filing, Berkshire Hathaway said that it would...

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