Berkshire Hathaway
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The company has also appointed David Tran as head of programs, Canada. -
The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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The former Corvus president will report to Ajit Jain.
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The company also encouraged insurers and brokers to support the initiative.
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Underhill spent nine years at BHSI as global head of transactional liability.
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Unpacking how much excess capital there really is and dissecting the source of its returns.
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Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
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The take-up rate will depend on the price discount and market segment.
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The conglomerate’s insurance subsidiaries will have to make do without some of their prior strategic advantages.
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The facility is a nudge towards a structural change, not a full-out assault.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
Related
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