Operations/tech
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The ~$60bn-premium marketplace is only going to grow, and in the aggregate can outperform insurers’ own underwriting. -
His comments come on the heels of Markel’s announcement last week that the co-CEO plans to retire by March 31, 2023.
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Hansen’s appointment is in support of the company’s decision to separate the roles of chairman of the board and CEO.
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Shareholders supported Buffett remaining as chairman and chief executive on a nearly 6-to-1 margin.
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“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.
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Berkshire’s board opposed the proposal and recommended that the shareholders vote against it.
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Individual staff like the freedom and flexibility of hybrid working, but management is concerned about hidden long-term costs.
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The CEO says shortfalls exposed by responses to the pandemic can spur companies to finally take climate and other long-tail risks seriously.
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The US firm is looking at expanding across Australia, Canada and the UK after securing new investment.
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The activist investor cited progress on governance issues in pulling back two proposed directors but pushed Safety Insurance for further strengthening.
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The ratings agency has also terminated the provision and redistribution of all information products and services to clients in Russia with immediate effect.
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Board members include the former CEO of Assurant and the chief legal officer of Stripe.
