Insight and Intelligence on the London & International Insurance Markets

21 May 2012

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International digest
Transatlantic unveils modest $35mn Q2 cat losses
US cat losses mount to $4.4bn in Q2
Scor profits down 15% on H1 cats
$24bn big cat losses loom over H1

Berkshire adds just $150mn to YTD cat reserves

7 November 2011

Berkshire Hathaway defied fears of additional heavy retro and reinsurance losses from Japan and creeping losses from the New Zealand earthquake to move its reinsurance cat loss estimate for 2011 from $1.82bn to only $1.97bn.

There was no movement at all in the third quarter for Berkshire Hathaway Re, which held its cat loss total at $454mn, while the segment fed by the 20 percent Swiss Re quota share added just $7mn to widen to $731mn.

Almost all of the...

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