Warren Buffett


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 →

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 →