Berkshire Hathaway discloses $587mn 2010 cat bill and holds back on capacity
Berkshire Hathaway has revealed nearly $600mn of losses from the heavy toll of cat events for the first half of 2010, while continuing to rein in its reinsurance capacity because of poor pricing.
The investment giant - which provides P&C reinsurance capacity through direct reinsurer Gen Re and the Ajit Jain-headed Berkshire Hathaway Reinsurance Group - said revenues from all its (re)insurance businesses declined from $17.5bn in the first half of 2009 to $17bn this year.
Business written was essentially...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
- Article
Berkshire Hathaway discloses $587mn 2010 cat bill and holds back on capacity - Subscription
The Insurance Insider
Follow us:
