Berkshire Hathaway
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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. -
The regulator raps the UK division for failure to disclose insurance giant’s holdings in Powergrid and Munich Re.
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Covid-19 claims of $964mn weighed on the reinsurance unit’s result for the full-year.
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Mathias Neumann was chief underwriter of casualty and specialty at the Japanese company.
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The carrier’s long-standing client Alfa has become an equity investor.
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Warren Buffett’s company trims its stake in Apple and exits Costco.
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The underwriter is the latest underwriter to leave AIG’s D&O operations in London, after a team joined Convex earlier in the year.
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The deal will come into effect on 1 October, with the specialty player's gross lines likely to scale up by a quarter.
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Olivier Hamon and Alice Batchili will write executive and professional lines products from the carrier’s Paris office.
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Warren Buffett’s reinsurance business fell to a $1.1bn loss as Covid-19 and prior-year casualty losses hit the result.
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Geico’s combined ratio came in at 77.2% down 18 points as frequency fell 24% to 30% across all product lines.
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Kapil Palathinkal will oversee first-party lines in the Middle East and Carlos Beltran will head the unit in Asia.
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