Berkshire Hathaway
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss. -
An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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New capacity is fuelling competition for talent in the class of business.
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Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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Louise Kidd joined BHSI in 2020 as head of third-party lines in Ireland.
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The carrier was seeking to expand its 1 March-renewing programme.
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The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
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Chris Nixon has been promoted to underwriting manager, executive & professional lines, UK.
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The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.
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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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The two senior positions will be based in London.
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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.
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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.
