-
At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations. -
Meanwhile, gross written premiums grew 8.6% year on year to $985mn.
-
The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
-
We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
-
The remediation process is on track for completion in the fourth quarter.
-
The CUO described the pricing dynamics in the line as “strong and good”.
-
The executive also addressed the impact of the US tariffs.
-
Its 2025 programme exhausts at $9.5bn excess $1bn.
-
The carrier estimated its California wildfire loss at $145mn-$165mn.
-
The days of 30%+ growth are probably behind the firm, he said.
-
The group reported a 19.1% return on opening adjusted tangible book.
-
Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
Most Recent
