Berkshire Hathaway

Joining the company in 2014 as senior underwriter, casualty, Meyer has held increasingly senior positions in BHSI’s North America casualty organization.

The two subsidiaries, which together command less than 1% of the homeowners' market share in the Golden State, are the latest to flee amid persistent inflation, high cat losses and a strict regulatory environment.

The Omaha conglomerate held its ~2.1% stake in Aon valued at nearly $1.5bn and its interest of over 3% in Markel, worth over $652mn at the end of Q2.

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

Geico’s CoR fell 10.3 points to 94.7%, fueled by higher average premiums per auto policy, a reduction in advertising costs and favorable reserve development.

In addition to his new role, the executive will retain his current position as head of marine for the Australasia region.

Early private deals have provided far more stability in this year’s renewal than last.

Everest Re’s $1.5bn capital raise could be part of a continued pivot, or an early indicator of a shifting marketplace.

Inside P&C’s news team runs you through the key highlights of the week.

Analysis of 2022 statutory data shows top US-exposed reinsurers grew assumed premiums 13% year-on-year in 2022.

Securities filings show the conglomerate’s ownership of Markel holdings was valued at over $600mn at the end of March.

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