Berkshire Hathaway

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Berkshire Hathaway’s underwriting negative on $2.2bn Q3 incurred losses

Warren Buffett’s conglomerate and re/insurance company Berkshire Hathaway has again demonstrated its significant exposure to major natural catastrophe and severe weather events, reporting $2.2 billion incurred loss hit in the third-quarter, the majority of which was from hurricane Ida. As ever, when looking for where industry losses fall, Berkshire Hathaway takes read the full article →

Berkshire Hathaway’s P&C reinsurance growth continues

Warren Buffett’s conglomerate and re/insurance company Berkshire Hathaway continued to display an appetite for growth in the second-quarter of the year, lifting its gross property and casualty (P&C) reinsurance premiums written by over 14% during the period. Berkshire Hathaway’s P&C reinsurance division grew strongly over the last year and a half, read the full article →

Berkshire’s P&C reinsurance premiums leap 63%, but cats & COVID dent result

Warren Buffett’s conglomerate and re/insurance company Berkshire Hathaway continues to make its surging appetite for property and casualty reinsurance evident, with the company reporting a 63% increase in P&C reinsurance premiums written during the third-quarter of 2020. That takes the premium growth rate for this year so far to almost 33%, read the full article →

Berkshire’s increased property reinsurance appetite evident in results

Warren Buffett's Berkshire Hathaway made its resurgent appetite for property and casualty reinsurance underwriting evident in the second-quarter, as the companies reinsurance unit underwrote 29% more in gross premiums than the prior year. Berkshire Hathaway's P&C reinsurance premiums written increased by $668 million (29%) in the second-quarter of 2020 and $1.2 read the full article →

Berkshire Hathaway will write pandemic cover “at the right price”, Buffett says

For Berkshire Hathaway, the insurance and reinsurance underwriting conglomerate led by Warren Buffett, it's not simply a question of carefully crafted exclusions when it comes to pandemic risks, for the so-called Sage of Omaha is perfectly happy to underwrite it, as long as the price is right. Berkshire Hathaway reported its read the full article →

Berkshire Hathaway’s P&C underwriting result hit by Hagibis & bushfires

Berkshire Hathaway's reinsurance underwriting result was dented by Japanese typhoon Hagibis and bushfires in Australia during the fourth-quarter of the year, contributing to an underwriting loss for the year across Warren Buffett's reinsurance related businesses. Berkshire Hathaway took another hefty loss from Japanese typhoon risks in the fourth-quarter of 2019, as read the full article →

Berkshire Hathaway’s typhoon Faxai & Hagibis losses to surpass Jebi

Warren Buffett's reinsurance group Berkshire Hathaway appears to have expanded its book and as a result its exposure in Japan this year, as its losses from 2019's typhoons look set to eclipse those suffered in 2018 from typhoon Jebi. In fact, Berkshire Hathaway appears to have taken a larger loss from read the full article →

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 →

Buffett & Munger discuss reinsurance challenges Berkshire Hathaway faces

This weekend saw the quarterly results and annual shareholders meeting of Berkshire Hathaway and one of the most interesting exchanges during the question & answer session was Warren Buffett and Charlie Munger discussing over just how tough reinsurance can be these days. Berkshire Hathaway experienced positive underwriting and investment results across read the full article →

Berkshire Hathway succession plan takes shape, Jain gets board seat

Warren Buffett's conglomerate business Berkshire Hathaway is beginning to put a succession plan in place for when he and Charlie Munger retire and the firm's re/insurance leader Ajit Jain has been promoted to the Board of Directors in a new role as Vice Chairman of the Insurance division. Berkshire Hathway's insurance read the full article →