Berkshire Hathaway
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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.
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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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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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The move comes just days after the Warren Buffett-controlled conglomerate reached the $1tn market cap mark for the first time.
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Geico more than tripled U/W profits due to higher average premiums per auto policy and lower claims frequency.
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The executive has had a 40-year career at AIG, Berkshire Hathaway and Lloyd’s.
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In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
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The carrier will write energy, property, construction, and executive and professional lines business.
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Berkshire Hathaway and Canada Life Re will provide as much as A$680mn of protection annually.
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