Berkshire Hathaway
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Geico saw claims frequency increase across all coverages, while severity especially increased in property damage, collision and bodily injury coverages. -
Long-time executive Kathy Reid will bring more than 25 years of insurance industry experience to the role.
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Berkshire’s board opposed the proposal and recommended that the shareholders vote against it.
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The firm’s reinsurance heavy business mix, investments, and slowing value creation likely kept buyers away.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Alleghany said its representatives and financial advisers solicited alternative deals from 31 potentially interested third parties but did not receive any proposals.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Chubb has also received demands from shareholders for more information on its climate-related policies.
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The agreement included a two business days’ notice period from March 21 and is followed by a no-shop 10-day period.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The conglomerate looks to step into the role of insurer of last resort amid capacity constraints and surging client demand.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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