Berkshire Hathaway

Berkshire Hathaway reduced its shareholding in Marsh McLennan by 35% during the third quarter, as the Warren Buffet-led business continued to sell down across its portfolio, an analyst note from Morgan Stanley shows.

The start-up carrier launched in FI over the summer with ex-Pembroke and Hamilton underwriters.

CEO Richard Brindle calls for pricing corrections to reflect climate change and exposure growth.

Covid-19 has prompted an increase in demand for contract certainty and rapid claims payments.

Constanza Gállegos is joining the Berkshire Hathaway Specialty Insurance leadership team in Europe as country manager, Spain.

Geico’s loss ratio jumped by nearly 18 points in the quarter on higher claims frequency, on par with results at personal auto rival Allstate.

Chubb veteran Caroline Alder-Smurthwaite is named head of Berkshire’s UK general casualty unit.

Berkshire Hathaway Specialty Insurance has said it is now underwriting property insurance for Mittelstand companies across Germany.

The former QBE Syndicate 386 active underwriter will join UK and Europe president Chris Colahan’s team in September.

The reported move comes after rapid expansion in gross written premium during 2020.

Oliver Brown, Penny Wang, James Emson and Jack Erritt form the team.

The company appoints Muriel Birre Julvécourt, who has more than 25 years’ industry experience, as head of marine.