Berkshire Hathaway
-
The program, expected to start doing business next month, will be wholesale-only. -
The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
-
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%.
-
The former Corvus president will report to Ajit Jain.
-
The company also encouraged insurers and brokers to support the initiative.
-
Underhill spent nine years at BHSI as global head of transactional liability.
-
Unpacking how much excess capital there really is and dissecting the source of its returns.
-
Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
-
The take-up rate will depend on the price discount and market segment.
-
The conglomerate’s insurance subsidiaries will have to make do without some of their prior strategic advantages.
-
The facility is a nudge towards a structural change, not a full-out assault.
