Berkshire Q3 reinsurance earnings drop 69% as nat cat losses surge
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Berkshire Q3 reinsurance earnings drop 69% as nat cat losses surge

John Hewitt Jones
November 07, 2020
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News: Hurricane Laura

Pre-tax P&C underwriting profits at Berkshire Hathaway’s reinsurance division fell by 69% to $99mn in the third quarter of 2020, as a more than 53% rise in natural catastrophes claims weighed on the Warren Buffett-led group’s results.

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