Berkshire Hathaway

BHHC hires Republic Indemnity’s Engell to workers’ comp unit

Berkshire Hathaway Homestate Companies (BHHC) has added Danny Engell to its workers’ compensation division as senior vice president, chief underwriting and analytics officer.

Alleghany stockholders approve Berkshire Hathaway takeover

Alleghany has announced that the overwhelming majority of stockholders have voted in favour of Berkshire Hathaway takeover.

Berkshire’s NICO sues reinsurers over $157mn Montana asbestos settlement

National Indemnity Company (NICO) has sued multiple reinsurers for coverage of a $157mn asbestos settlement the Berkshire Hathaway subsidiary made with the state of Montana, with TIG Insurance, Randall & Quilter and Travelers billed for the highest reinsurance amounts.

BHSI continues expansion in France with Lyon office launch

Berkshire Hathaway Specialty Insurance (BHSI) has continued its expansion in France with the launch of an office in Lyon.

Berkshire Hathaway builds 3% Markel stake while Aon and Marsh McLennan holdings unchanged in Q1

Berkshire Hathaway built out a roughly 3.1 percent stake in Markel during Q1 2022 with the Warren Buffett-led business’ holding in the NYSE-listed company valued at some $620mn, according to a newly issued SEC filing.

QBE casualty execs hit back at BHSI’s claims over “coordinated departures”

A group of QBE North America casualty executives have said claims by their former employer Berkshire Hathaway Specialty Insurance (BHSI) that they breached fiduciary duties by orchestrating a coordinated exit and inappropriately using company information are “mere speculation”.

Berkshire shareholders reject climate disclosure proposals and keep Buffett chairman

Berkshire Hathaway shareholders at the annual meeting have rejected proposals for the conglomerate to disclose more about climate-related risks and to have an independent chairman, while Warren Buffett criticized Wall Street for turning the stock market into a “gambling parlor”.

Geico claims severity drops Berkshire’s Q1 UW income to $47mn from $764mn

Rising claims severity at auto insurer Geico put a huge dent in Berkshire Hathaway’s first quarter underwriting profits, as a $178mn loss within Geico pushed the conglomerate’s total insurance underwriting profits down to $47mn from $764mn the year before.

QBE North America launches specialty casualty unit with four-strong BHSI team

QBE North America has confirmed the hire of Karen London, Mike Foley, Morgan Wichmann and Craig Freid from Berkshire Hathaway Specialty Insurance (BHSI) with the announcement of a new specialty casualty business unit.

BHSI names Reid head of casualty for North America as Bullock retires

Berkshire Hathaway Specialty Insurance (BHSI) has promoted Kathy Reid to head of casualty, North America, succeeding the retiring Meredith Bullock.

BHSI quartet of senior casualty executives, including Foley, London, exit for QBE

A team of senior casualty executives including Mike Foley and Karen London have left Boston-based insurer Berkshire Hathaway Specialty Insurance (BHSI) to join rival carrier QBE North America, The Insurer can reveal.

Largest US public pension fund to vote to replace Buffett as Berkshire chairman

The largest state public pension fund in the US has backed investor proposals that would see Warren Buffett replaced as chairman of Berkshire Hathaway.

Berkshire-Alleghany “go-shop” period ends with no competing bids

Trans Re, RSUI and CapSpecialty-parent company Alleghany said on Monday morning that the “go shop” period in its takeover deal with Berkshire Hathaway had ended without Alleghany receiving any competing bids.

BHSI leads pricing and claims as $100mn Marsh excess casualty consortium binds first deal

Marsh has signed up Berkshire Hathaway Specialty Insurance (BHSI) as the lead market for pricing and claims on its new follow-form US excess casualty consortium, with the program already binding its first deal, The Insurer can reveal.

Buffett rebuffed Alleghany’s request to boost $850-per-share offer

Berkshire Hathaway chairman and CEO Warren Buffett stood firm in his company’s original $850-per-share all-cash offer to acquire Alleghany Corporation, less financial advisory fees for the deal.

BHSI names Godhwani NA president as Bresnahan moves to COO

Berkshire Hathaway Specialty Insurance (BHSI) has appointed Sanjay Godhwani as president, North America while David Bresnahan has transitioned to the role of chief operating officer.

Alleghany acquisition brings Buffett a complementary Berkshire-lite

From the tone of its annual stockholder letter, its focus on generating float for investing from its (re)insurance operations and its portfolio of non-financial businesses, Alleghany has been described as a mini-Berkshire Hathaway.

Alleghany share price jumps 25% on Berkshire Hathaway deal

Shares in Alleghany Corporation were trading up almost 25 percent at $845.00 mid-morning in New York today after it was announced that Berkshire Hathaway has agreed a deal to buy the TransRe, RSUI and CapSpecialty parent.

KBW: Alternative bidders unlikely to disrupt Berkshire’s $11.6bn Alleghany acquisition

Alternative bidders are unlikely to emerge during the 25-day “go shop” period built into Berkshire Hathaway’s $11.6bn acquisition agreement for Alleghany, according to KBW analyst Meyer Shields.

Berkshire Hathaway to acquire Alleghany in $11.6bn deal

Berkshire Hathaway has agreed to acquire Alleghany, parent company of TransRe, RSUI and CapSpecialty, in a deal which values the NYSE-listed carrier at $11.6bn.

Region

Topics

Events & Conferences

Content Types