Berkshire Hathaway
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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. -
Kapil Palathinkal will oversee first-party lines in the Middle East and Carlos Beltran will head the unit in Asia.
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The hub will write business in property, casualty and executive and professional lines.
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Frank Amandi moves to the new post in Cologne after more than six years with the Allianz unit.
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Warren Buffett told shareholders that the company has so far faced limited claims impact from the coronavirus.
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The company reported a 7 percent dip in underwriting income as it took a hit from $230mn in Covid-19 claims.
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Berkshire Hathaway, Fairfax and Markel sustained biggest falls in investment value.
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City comptroller Scott Stringer said AIG, BHSI and Liberty Mutual should stop underwriting and investing in coal.
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Coronavirus’ unwanted record; John Neal speaks out; structured credit freezes up.
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The UK and Ireland chief expects the pandemic to erode capacity and drive claims and operating costs higher.
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The commercial lines insurer first entered the country in 2015.
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Michael Pille will take on the newly created role after three years at the Berkshire Hathaway business.
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