Tag: Berkshire Hathaway insurance

Berkshire Hathaway insurance expands commercial offerings into the Middle East

Logan B.
Warren Buffett Berkshire Hathaway insurance business

Warren Buffet’s company has announced its intentions to establish a new office in Dubai. Berkshire Hathaway insurance business is headed for expansion into the lucrative Middle East market. It will be opening a new office in Dubai in order to manage the operations of its commercial products there. Berkshire Hathaway Specialty Insurance (BHSI) released an official statement regarding the decision. The new Berkshire Hathaway insurance office is located in the Dubai International Finance Center (DIFC) and will finally be able to open. The office had been awaiting approval from regulators…

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Warren Buffett’s insurance industry forecast might surprise you

Julie Campbell
Berkshire Insurance Unit - Warren Buffett of Berkshire Hathaway

According to the head of Berkshire Hathaway, insurers should worry about self-driving cars, not climate change. At the Berkshire Hathaway shareholder meeting last weekend, Warren Buffett shared his insurance industry forecast and brought up a number of trends and innovations that have been the topic of conversation among experts in this arena. The main point that has drawn the spotlight is that Buffett doesn’t feel climate change will harm the industry. According to the insurance industry forecast he shared, climate change shouldn’t be causing any pain to his business. This…

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Warren Buffett makes insurance news with caution in the industry

Julie Campbell

Berkshire Hathaway recently announced its earnings and stated that it is unlikely that an underwriter would be purchased. In recent insurance news, Warren Buffett of Berkshire Hathaway finally put an end to the speculations that have been made about the company for a long time, by saying that they don’t have any real intention to ever purchase a large commercial underwriter, and that the intention is to take a more organic strategy in order to grow their commercial platform. Buffett fielded some heavy questions at the annual shareholder meeting for…

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Insurance company results drop at Berkshire Hathaway in Q1

Julie Campbell
Warren Buffett Berkshire Hathaway Insurance industry

The property and casualty business is sliding when compared to last year’s figures. In the first quarter of this year, the primary property and casualty Berkshire Hathaway insurance company operations have managed to record gains in the double digits for their pre-tax earnings, but this isn’t all good news. The reinsurance results have led to an operating earnings drop of 6.6 percent overall for the conglomerate. When Berkshire Hathaway Reinsurance Group’s first quarter figures are compared to the earnings from the first quarter of 2013, the situation looks even worse.…

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Insurance companies unaffected by climate change, says Warren Buffett

Julie Campbell
Insurance News - Warren Buffett, CEO of Bershire Hathaway

According to the Berkshire chairman and CEO, the increase in natural disasters has not impacted his insurers. Warren Buffett has revealed that the increase in natural disasters and the extreme weather from climate change around the world have not affected Berkshire Hathaway’s insurance companies. Buffett has stated that no changes have been made to the way that catastrophe calculations are made. He explained that climate change has not affected the calculations that are made in terms of determining how likely it is for a catastrophe to occur. Berkshire Hathaway Inc.…

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