Berkshire Hathaway
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Freeman has spent 11 years in property leadership roles with BHSI.
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The new offering marks the expansion of BHSI’s US marine facilities.
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As admitted carriers pull out of riskier plays, E&S continues to expand and thrive.
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Chres Lee was previously M&A counsel for Liberty Global Transaction Solutions.
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He praised 2023 insurance results as other sectors were a “disappointment”.
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Geico reported lower frequency, higher severity and increased favorable development.
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A quick roundup of this week’s biggest stories.
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Its confederation of insurance subsidiaries will have to operate with fewer strategic advantages than they do today.
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The underwriter will work in the retail property team at BHSI serving the central region.
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Berkshire Hathaway announced that Munger “died peacefully” in a California hospital this morning, citing the Berkshire vice chairman’s family.
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The executive has over three decades of surety experience in underwriting, consulting, and claims roles, including a stint as surety claims counsel.
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Lower losses reflected higher average premiums per auto policy, increased reserve releases and lower claims frequency, which were partially offset by higher severity.