Berkshire Hathaway

Pioneering Cologne Re turns 175

Cologne Re, the pioneering first independent professional reinsurance company and now part of Berkshire Hathaway’s Gen Re, is celebrating its 175th anniversary.

BHSI adds another ex-AIG exec to professional lines team

Berkshire Hathaway Specialty Insurance (BHSI) has once again turned to AIG as it fills out its US liability ranks, with private and non-profit management specialist Keith Freid the latest to make the switch.

Convex secures Berkshire Hathaway fronting partnership for European marine risks

Fast-expanding specialty (re)insurer Convex Group has struck a deal with a subsidiary of Warren Buffett’s Berkshire Hathaway to write European marine lines while it develops a continental European (re)insurance platform, The Insurer can reveal.

BHSI adds Tatulli and Simon to exec and pro lines unit

Berkshire Hathaway Specialty Insurance (BHSI) has named AIG’s Anthony Tatulli head of its North American executive and professional lines business, while Great American Insurance Group’s Rachel Simon has also joined the unit’s claims offering.

AIG shares trade up on Berkshire stake link

Shares in AIG were trading up almost 5 percent this morning after a report in this publication Friday linking Berkshire Hathaway with a potential stake building in the insurer.

Berkshire Hathaway shares trade up despite earnings miss

Berkshire Hathaway shares were trading up 3 percent Monday after analysts predicted a favourable reaction from investors based on the expectations of sustained share repurchases.

AIG shares trade up after Berkshire Hathaway link

Berkshire Hathaway’s in-house P&C insurance business is credited by Warren Buffett as the “engine” that has propelled the investment giant’s growth since 1967, when it entered the sector. But the recent $499mn investment in MMC and recent Wall Street rumours about a separate stake-building in AIG hints at a cycle play as the company looks for value elsewhere in the sector.

BHSI hires MSIG’s Neumann as Germany casualty head

Berkshire Hathaway Specialty Insurance (BHSI) has named Mathias Neumann as head of casualty in Germany, with the executive joining from MSIG Insurance Europe.

BHSI adds AIG’s Norman to management liability team

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its US executive and professional lines leadership team, with Shelley Norman joining from AIG and Kevin Gallagher and Sean Cox handed promotions.

Berkshire Hathaway buys $499mn stake in MMC

Berkshire Hathaway has taken a $499mn stake in Marsh & McLennan Companies (MMC) after buying almost 4.3 million shares in the broking giant during 2020’s fourth quarter.

BHSI promotes Blas to head of property for Spain

Berkshire Hathaway Specialty Insurance (BHSI) has promoted Tomas Blas to head of property for Spain.

Berkshire Hathaway issues $1.48bn in debt

Warren Buffett’s Berkshire Hathaway Inc has issued Eur600mn ($725mn) in senior notes while Berkshire Hathaway Finance Corporation (BHFC) has issued $750mn in senior notes.

BHSI names AIG’s Head as D&O product line officer

Berkshire Hathaway Specialty Insurance (BHSI) has hired AIG veteran Brady Head as senior vice president, product line officer for directors’ and officers’ (D&O) liability insurance in North America.

BHSI promotes duo to lead US FI business

Berkshire Hathaway Specialty Insurance (BHSI) has named Sachin Warty as head of financial institutions for the Central and West Region, and Chris Polechronis as head of financial institutions for the East Region.

Buffett calls on Congress to support small businesses

Berkshire Hathaway chairman and CEO Warren Buffett has called for action from Congress to provide support for small businesses still suffering from Covid-19 related disruption.

QBE NA makes four more financial lines hires from Berkshire Hathaway

QBE North America has made further hires in its financial lines business from Berkshire Hathaway, with the appointment to leadership positions of four senior industry veterans.

BHSI promotes Salmon to US professional liability head

Berkshire Hathaway Specialty Insurance (BHSI) has promoted Jill Salmon to head of professional lines for the US.

BHSI hires AIG’s Macfarlane for European downstream energy push

Berkshire Hathaway Specialty Insurance (BHSI) has hired market veteran Tom Macfarlane from AIG to lead its downstream energy property offering in Europe at a time when the sector is seeing rates rise in response to losses and reduced capacity.

BHSI promotes Finnis to VP role

Berkshire Hathaway Specialty Insurance (BHSI) has named Lauren Finnis as vice president of customer and broker engagement for the Central region, based in Chicago.

BHSI makes duo of promotions within exec & professional lines claims group

Berkshire Hathaway Specialty Insurance (BHSI) has made two promotions within its executive and professional lines claims group.

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