Berkshire Hathaway
-
Bowman helped establish BHSI’s multinational business network, serving 178 countries.
-
This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
-
He praised 2023 insurance results as other sectors were a “disappointment”.
-
Excluding TransRe, the group’s losses declined by $509mn last year.
-
She replaces Mark Walker, who moved last year to become head of national business for the UK.
-
Based in Singapore, Jess Au will succeed Ophelia Szeto, who is retiring from the role.
-
The senior underwriter has 35 years’ experience in marine business.
-
The underwriter will work in the retail property team at BHSI serving the central region.
-
The company noted that TransRe had produced "considerable" levels of property business over the period.
-
Having joined the firm in 2021, Donagh Regan was previously a senior casualty underwriter.
-
The hire comes as group CUO Alan Telford plans to leave the business next summer.
-
The appointment follows the recent hire of Pascal Carrer as head of casualty in Switzerland, and David Corrigan as head of property.
-
Sources said the Houston, Texas-headquartered program manager is now writing business on Sutton National paper.
-
He joins from Hoerbiger Holding, where he was head of corporate risk and insurance management.
-
Staffing upheaval continues in the marine class of business, as companies battle to hire and retain talent.
-
The Omaha conglomerate held its ~2.1% stake in Aon valued at nearly $1.5bn and its interest of over 3% in Markel, worth over $652mn at the end of Q2.
-
The reinsurance result was boosted by the group’s acquisition of TransRe last year.
-
BHSI grew to be one of the largest writers of D&O in London during the hard market of 2020 and 2021.
-
Mark Walker has more than 35 years of insurance experience and joined BHSI in 2019 after over three years at QBE.
-
The massive line from Warren Buffett’s carrier – previously reported by this publication – supported the insurer’s growing inland portfolio as policies have headed to the state net.
-
Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.
-
Early private deals have provided far more stability in this year’s renewal than last.
-
Securities filings show the conglomerate’s ownership of Markel holdings was valued at over $600mn at the end of March.
-
Citizens’ board is slated to meet on May 16 at 13:30 ET to discuss the reinsurance and risk transfer program.
Most Recent
-
AM Best upgrades MS Re financial strength rating to A+
26 April 2024 -
Beazley’s Barnes resigns in latest energy market move
26 April 2024 -
QBE Re rebuilds in A&H with Canopius’s Brigstocke
26 April 2024