Berkshire Hathaway
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively. -
The facility provides up to $100mn in claims-made excess casualty coverage.
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He will replace Scott Lee, who is retiring after 40 years in claims.
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The two internal hires have been with BHSI for around five years.
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The appointments cover US casualty, the US Central region and construction.
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The executive will continue as head of BHSI’s E&P lines business.
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BHSI is dividing its retail general property unit into four regions.
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The carrier was seeking to expand its March 1-renewing program.
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Berkshire Hathaway’s "float" rose to $171bn in 2024 from $169bn in 2023 as Buffett praised Geico’s Todd Combs.
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The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
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Sources said Berkshire will move from the largest single capacity provider to a single-digit percentage line size.
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The agency affirmed its A+ financial strength rating for the companies.
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