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Berkshire looks to carve out place in c.$30bn E&S market

26 April 2013

The revelation that Berkshire Hathaway has made an audacious swoop for a quartet of top-tier American International Group (AIG) executives to spearhead the launch of a new excess and surplus (E&S) lines platform has sent ructions through the $30bn premium market.

Last night The Insurance Insider exclusively revealed that AIG's US P&C chief Peter Eastwood, head of Lexington Dave Bresnahan, senior property executive Sanjay Godhwani and global casualty chief David Fields had all resigned to join Berkshire.

Details remain scarce,...

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