Berkshire Hathaway
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Investment gains and lower catastrophe losses push earnings at Warren Buffett's group up almost five-fold. -
The carrier first wrote the full limit of the aggregate deal in 2015.
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SF: The change to stable reflects the continuing capital strength of the insurance units.
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Berkshire’s commercial insurance unit established its Dubai operation in February.
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Warren Buffett's commercial specialty carrier adds a second German outpost after setting up shop in Duesseldorf.
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The Category 4 storm could leave up to $12bn in insured losses, analysts said.
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The two parties are understood to be nearing an agreement on the sale of £1.6bn of Zurich’s legacy UK employers’ liability exposures.
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The German reinsurer’s gross written premium rose to $37.8bn to reclaim the top spot in AM Best’s rankings.
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Warren Buffett said he and Charlie Munger have started buybacks, a little at a time.
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The target recently secured an insurance licence.
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The National Flood Insurance Program's reinsurance may trigger for a second consecutive year following the storm, the ratings agency warned.
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