Berkshire Hathaway
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The executive will continue as head of BHSI’s E&P lines business. -
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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Mr Cooper Group said it was the target of a 2023 hacking attack.
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The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.
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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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The move comes just days after the Warren Buffett-controlled conglomerate reached the $1tn market cap mark for the first time.
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