Berkshire Hathaway

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Berkshire Hathaway targets the small business insurance value-chain

Warren Buffett's conglomerate re/insurer Berkshire Hathaway wants to own the entire small commercial or business insurance value-chain with its latest initiative, putting technology to work alongside its enormous appetite for risk.Berkshire Hathaway announced the launch of THREE this week (as our sister publication Reinsurance News covered here), an insurer promising read the full article →

Berkshire Hathaway hires lawyer with ILS expertise

No, it probably doesn't mean Berkshire Hathaway is going to sponsor a catastrophe bond anytime soon, but the news that ILS legal expert Robert Underhill has been hired to the firm could certainly provide Warren Buffett's insurance and reinsurance unit with interesting options.Underhill has joined Berkshire Hathaway Specialty Insurance (BHSI) read the full article →

IAG reports NZ quake deterioration, bulks up Buffett reinsurance

Australian insurance group IAG has reported its results, revealing continued deterioration of its Canterbury, New Zealand earthquake claims, challenging commercial market conditions and new reinsurance arrangements with Warren Buffett's Berkshire Hathaway.IAG last reported the ongoing claims creep from the 2011 New Zealand earthquake last August, when it said that its read the full article →

Warren Buffett continues to dial back on reinsurance

Warren Buffett has again reduced his investment in the reinsurance industry by cutting his share holdings in the world's largest reinsurer Munich Re, as the ‘Sage of Omaha’ continues to dial back on his firm Berkshire Hathaway's interest in reinsurance underwriting.Much has been written in 2015 about Warren Buffett's opinion read the full article →