Berkshire wades into CCR’s Thai positions
Berkshire Hathaway lived up to its reputation as the consummate opportunist by becoming one of the biggest reinsurers in Thailand overnight on 1 January, The Insurance Insider can reveal.
Berkshire subsidiary National Indemnity is understood to have entered the Thai reinsurance sector at the end of last year to capitalise on a diamond-hard market, following the catastrophic flooding.
Its entrance has eased the dislocation caused by the withdrawal of French state reinsurer CCR, which had been a significant capacity provider...
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