Berkshire Hathaway
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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.
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Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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Louise Kidd joined BHSI in 2020 as head of third-party lines in Ireland.
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The carrier was seeking to expand its 1 March-renewing programme.
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The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
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Chris Nixon has been promoted to underwriting manager, executive & professional lines, UK.
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The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.
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