Berkshire Hathaway
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Berkshire Hathaway and Canada Life Re will provide as much as A$680mn of protection annually. -
The discrepancy between rising claim counts and favorable reserves is cause for concern.
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He succeeds Darryl DeSouza, who is retiring after 10 years with the company.
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Changes in investment strategy and strong results show carriers can weather financial storms.
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The $6.7bn Chubb investment is an outlier in the Berkshire portfolio.
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The conglomerate exited its $620mn position in Markel, which it has held since 2022.
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Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.
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Across three offerings, Victor increased coverage maximums by $33mn.
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The insurance arm’s CoR declined 4 points to 89.3% on lower cat losses.
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Freeman has spent 11 years in property leadership roles with BHSI.
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The new offering marks the expansion of BHSI’s US marine facilities.
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As admitted carriers pull out of riskier plays, E&S continues to expand and thrive.
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