Ever since the news emerged back in March that global insurance and reinsurance broking power-house Aon had teamed up with Warren Buffett’s reinsurance giant Berkshire Hathaway to provide a sidecar type facility at Lloyd’s of London, the media has been awash with opinions on whether it is a positive or negative step for the market.
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Global insurance and reinsurance intermediary Aon held its first-quarter 2013 earnings conference call last Friday and one of the topics discussed was the brokers recent agreement with Warren Buffett’s reinsurance firm Berkshire Hathaway bringing sidecar reinsurance type capacity to Aon’s customers at Lloyd’s of London. The agreement has come up against some criticism but Aon […]
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Reinsurer Swiss Re has announced that its dispute with Warren Buffett’s Berkshire Hathaway regarding a 2010 life retrocession deal has now been settled. The settlement will see Swiss Re take back some of the life exposure included in the retro deal and the reinsurer will receive a payment of $610m from Berkshire Hathaway. The terms […]
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Interesting news today as an announcement comes from broker Aon saying that they have signed an agreement with Warren Buffett’s reinsurance giant Berkshire Hathaway which will see the two firms team up to bring sidecar style capacity to retail customers of the broker at Lloyd’s. The first sidecar of its kind in the industry this […]
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