Berkshire Hathaway
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The conglomerate exited its $620mn position in Markel, which it has held since 2022. -
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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Chres Lee was previously M&A counsel for Liberty Global Transaction Solutions.
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He praised 2023 insurance results as other sectors were a “disappointment”.
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Geico reported lower frequency, higher severity and increased favorable development.
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A quick roundup of this week’s biggest stories.
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Its confederation of insurance subsidiaries will have to operate with fewer strategic advantages than they do today.
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