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Alleghany’s go-shop period ends with no new bids to best Berkshire

Despite discussing alternative proposals with some 31 parties, Alleghany Corporation has not found a better bidder than Warren Buffett’s conglomerate Berkshire Hathaway, which is now on-track to secure its acquisition of the TransRe owner. Recall, Berkshire Hathaway announced its intent to acquire Alleghany Corporation, the owner of reinsurance firm TransRe and read the full article →

Berkshire Hathaway acquiring TransRe parent Alleghany in $11.6bn deal

A significant insurance and reinsurance M&A transaction has just been announced, with Warren Buffett's conglomerate Berkshire Hathaway set to acquire Alleghany Corporation, the owner of reinsurer TransRe, in an all-cash deal valued at $11.6 billion. The move expands Berkshire Hathaway's already significant insurance and reinsurance market interests, while providing an exit read the full article →

Ariel Re targets growth with upsized Berkshire Hathaway backing

Ariel Re, the Bermuda-headquartered international reinsurance company, has announced an upsized commitment from Warren Buffett's giant conglomerate Berkshire Hathaway, with an investment and quota share arrangement expected to drive further growth. Ariel Re was taken private from former owner Argo Group in a late 2020 transaction involving major private equity investors read the full article →

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 →