Berkshire Hathaway

Chres Lee was previously M&A counsel for Liberty Global Transaction Solutions.

He praised 2023 insurance results as other sectors were a “disappointment”.

Geico reported lower frequency, higher severity and increased favorable development.

A quick roundup of this week’s biggest stories.

Its confederation of insurance subsidiaries will have to operate with fewer strategic advantages than they do today.

The underwriter will work in the retail property team at BHSI serving the central region.

Berkshire Hathaway announced that Munger “died peacefully” in a California hospital this morning, citing the Berkshire vice chairman’s family.

The executive has over three decades of surety experience in underwriting, consulting, and claims roles, including a stint as surety claims counsel.

Lower losses reflected higher average premiums per auto policy, increased reserve releases and lower claims frequency, which were partially offset by higher severity.

Ahead of third quarter earnings, many personal lines insurers are pulling several levers to right-size their operations, including conducting layoffs and reducing exposure.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Sources said the Houston, Texas-headquartered program manager is now writing business on Sutton National paper.