Berkshire Hathaway
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Covid-19 has prompted an increase in demand for contract certainty and rapid claims payments.
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Constanza Gállegos is joining the Berkshire Hathaway Specialty Insurance leadership team in Europe as country manager, Spain.
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Geico’s loss ratio jumped by nearly 18 points in the quarter on higher claims frequency, on par with results at personal auto rival Allstate.
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Chubb veteran Caroline Alder-Smurthwaite is named head of Berkshire’s UK general casualty unit.
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Berkshire Hathaway Specialty Insurance has said it is now underwriting property insurance for Mittelstand companies across Germany.
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The former QBE Syndicate 386 active underwriter will join UK and Europe president Chris Colahan’s team in September.
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The reported move comes after rapid expansion in gross written premium during 2020.
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Oliver Brown, Penny Wang, James Emson and Jack Erritt form the team.
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The company appoints Muriel Birre Julvécourt, who has more than 25 years’ industry experience, as head of marine.
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New and growing carriers helped to fill out treaties as Sompo stepped back from a market that came in flatter than expected for remote risk.
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Daniel Thieviasingham, who will be based in Singapore, has experience in London and Australia.
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The company’s vice chairman for insurance operations, Ajit Jain, who runs Berkshire’s insurance operations, had also been viewed as a frontrunner.
