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Our latest coverage
Our latest analysis
The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
New capacity is fuelling competition for talent in the class of business.
Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
The facility provides up to $100mn in claims-made excess casualty coverage.
Louise Kidd joined BHSI in 2020 as head of third-party lines in Ireland.
The carrier was seeking to expand its 1 March-renewing programme.
The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
Chris Nixon has been promoted to underwriting manager, executive & professional lines, UK.
The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.
The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
The two senior positions will be based in London.
The move comes just days after the Warren Buffett-controlled conglomerate reached the $1tn market cap mark for the first time.
Geico more than tripled U/W profits due to higher average premiums per auto policy and lower claims frequency.
The executive has had a 40-year career at AIG, Berkshire Hathaway and Lloyd’s.
In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
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