Warren Buffett


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 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 →

Buffett’s Berkshire Hathaway investment float builds despite $3bn cat loss

Despite a catastrophe loss bill of around $3 billion from recent hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, Warren Buffett's insurance and reinsurance businesses at Berkshire Hathaway continued to contribute to a growing pot of investment float, leaving the firm with even more excess capital.In fact, read the full article →

Warren Buffett cautions against underwriting at any cost

Warren Buffett doled out some more of his sage advice in the annual Berkshire Hathaway letter to shareholders this year, offering something for the reinsurance industry to ponder at this competitive time.Be willing to walk away.This is a subject that comes up a lot, of course, with the softened state read the full article →

Buffett’s Berkshire Hathaway reinsures AIG’s long-tail casualty exposures

Warren Buffett's reinsurer Berkshire Hathaway has entered into an agreement to provide insurer AIG with an adverse development reinsurance cover for 80% of the firm's long-tail U.S. commercial liabilities, costing AIG $9.8 billion.This is just the type of reinsurance deal that Warren Buffett loves, gaining a huge amount of premium 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 →

Gen Re – TransRe deal hikes efficiency of Buffett’s reinsurance capacity

Interesting news last night as an announcement came out from Alleghany owned TransRe to explain that the reinsurance firm has entered into an agreement with Warren Buffett's Gen Re which will effectively see it produce business for the firm.Gen Re, one of Warren Buffett's flagship reinsurance businesses, has a long read the full article →

Might not be for Buffett, but ILS shows reinsurance is a desirable asset class

Analysts at Bernstein have highlighted continued pressures in the global reinsurance marketplace, noting recent divestment in the sector by Warren Buffett. However, as evidenced by the continued influx of ILS capacity in the reinsurance space, just because it’s not right for Buffett doesn’t mean it’s not a desirable asset.Throughout 2015 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 →