Tag: london insurance companies

Berkshire Hathaway Insurance Group braces for Brexit with new Dublin unit

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Berkshire Hathaway Insurance Group - Brexit - UK and EU flags

The insurer has received approval for the new unit to service clients in Ireland and across the E.U. Berkshire Hathaway Insurance Group Inc. announced that it has received the Central Bank of Ireland’s approval to establish a Dublin unit. The goal is to be prepared for any form of Brexit, to be able to service clients in Ireland as well as throughout the European Union. The new Berkshire Hathaway European Insurance will act separately while remaining fully owned. According to the Berkshire Hathaway Insurance Group, the new unit will be…

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U.K. insurers market outside of Lloyd’s performs better than expected

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Property and casualty insurance companies that are operating outside the Lloyd’s of London market in the United Kingdom have brought in the equivalent of approximately 75 percent of the income of their more high-profile competitors, which is a notably larger amount than had been previously predicted.  According to the first comprehensive survey of the sales of members of the International Underwriting Association (IUA), the insurers, known as the London company market, generated $26.6 billion (16.4 billion pounds) in gross premium income last year. On the other hand, last year, Lloyd’s…

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