Berkshire Hathaway
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With the additional shares, Berkshire now owns around 3.4% of the Richmond-based specialty insurer, a stake that as of June 30 was worth over $605mn. -
The personal lines insurer’s results were also impacted by the states’ regulatory climates and inflationary trends.
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The Q2 deterioration in Geico’s underwriting performance was offset by improvements in its other divisions.
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Danny Engell will serve as chief underwriting and analytics officer, succeeding Mark Barba who retired in June.
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More than 98% of votes cast supported the acquisition.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The case is linked to losses associated with asbestos-related injuries and claims filed over two decades ago in Montana.
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Forecasters have again predicted an active season for storm activity, with the Florida market particularly vulnerable to high cat activity.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The chunky deal comes as many reinsurers are heavily cutting their Florida cat books.
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The defendants denied the accusations of misappropriation of trade secrets and confidential information by BHSI.
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The Warren Buffett-led conglomerate also remained firm in its position in rival broker Aon.
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