Jain: Berkshire property-cat exposure up almost 50% in past six months

Among the highlights from Berkshire Hathaway's annual meeting, Ajit Jain has commented that after a “big disappointment” at 1.1 the company piled on business at the April renewal such that its property catastrophe exposure is up almost 50 percent in the past six months and a big Florida hurricane could cause it $15bn of losses.