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Our latest coverage
Our latest coverage
Sources said Berkshire will move from the largest single capacity provider to a single-digit percentage line size.
The agency affirmed its A+ financial strength rating for the companies.
Mr Cooper Group said it was the target of a 2023 hacking attack.
The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.
The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
The move comes just days after the Warren Buffett-controlled conglomerate reached the $1tn market cap mark for the first time.
Andrew Knight will fill the newly created role of country manager.
The conglomerate now owns around 27 million Chubb shares valued at roughly $6.9bn, compared to nearly 26 million in Q1.
The industry could weather a recession, unless loss costs and reserving pressures worsen.
Geico more than tripled underwriting profits.
The executive has had a 40-year career at AIG, Berkshire Hathaway and Lloyd’s.
In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
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.
He succeeds Darryl DeSouza, who is retiring after 10 years with the company.
Changes in investment strategy and strong results show carriers can weather financial storms.
The $6.7bn Chubb investment is an outlier in the Berkshire portfolio.
The conglomerate exited its $620mn position in Markel, which it has held since 2022.
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