Berkshire Hathaway
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The firm's ethos will remain the same, but the bigger balance sheet may help it win clients and absorb volatility. -
The executive will take up the role of UK country manager at the firm.
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The Q2 deterioration in Geico’s underwriting performance was offset by improvements in its other divisions.
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Nicholas Ferrari will be based in Sydney and head up transactional liability in Australasia.
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The carrier has promoted Leander Metzger to country manager for Switzerland to run the new office.
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The case is linked to losses associated with asbestos-related injuries and claims filed over two decades ago in Montana.
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The carrier is also planning to launch in Switzerland and Belgium in Q2 and Q3 respectively.
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The chunky deal comes as many reinsurers are heavily cutting their Florida cat books.
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The president of BHSI’s UK and European operations outlined to this publication expansion plans for the $1bn-premium division.
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Cat losses were similar year on year, but reserve releases were higher.
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The appointment comes after the carrier promoted Janine McGriskin to lead FI in the UK.
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Berkshire’s board opposed the proposal and recommended that the shareholders vote against it.
