Berkshire Hathaway
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The move comes just days after the Warren Buffett-controlled conglomerate reached the $1tn market cap mark for the first time. -
Geico more than tripled U/W profits due to higher average premiums per auto policy and lower claims frequency.
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The executive has had a 40-year career at AIG, Berkshire Hathaway and Lloyd’s.
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In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
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The carrier will write energy, property, construction, and executive and professional lines business.
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Berkshire Hathaway and Canada Life Re will provide as much as A$680mn of protection annually.
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Hopper joined Starr in 2019 and previously worked at Marsh and Zurich.
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The insurance arm’s CoR declined 4 points to 89.3% on lower cat losses.
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Bowman helped establish BHSI’s multinational business network, serving 178 countries.
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This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
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He praised 2023 insurance results as other sectors were a “disappointment”.
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