Berkshire Hathaway
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The carrier expands its Spanish team with former Chubb and RSA executives.
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P&C reinsurance losses widen, while underwriting earnings at Geico and in primary insurance deterioriate. -
Ricardo Lara is accused of withholding information concerning his meetings with industry executives.
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Berkshire Hathaway-owned MedPro provides medical malpractice insurance in the US.
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Cumulative ceded incurred losses under the ADC with Nico are now $640mn
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Hilary Brown most recently served as head of casualty, international for AIG.
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The executive replaces president and CEO Bill Roberts, who is stepping down.
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Warrior has over 36 years’ experience and has also worked at Beazley.
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Part of the cost of the disaster will likely fall on a builder’s risk policy written by the two carriers.
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The contract will allow the insurance group to cede US workers comp, commercial auto and general liability risks.
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The move follows an attempt to merge California Insurance Company with a New Mexico entity.
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The group recorded a four-fold increase in operating earnings despite absorbing losses of $281mn from Typhoon Faxai.
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Daily Digest: Top news from 9 May
09 May 2025