Tag: specialty insurance

Berkshire Hathaway Specialty Insurance loses billions H1 2022

Logan B.
Berkshire Hathaway Specialty Insurance - Billions in losses

Global insurer BHSI has revealed that it has suffered deep losses in both the second quarter and first half. Berkshire Hathaway Specialty Insurance has revealed its second quarter and first half financial results for 2022, showing that it had lost billions during those spans of time. The insurer stated that its net loss attributable to shareholders totaled $43.8 billion in the Q2 2022. Berkshire Hathaway Specialty Insurance lost $43.8 billion during the second quarter that ended on June 30. That said, its attributable net losses for the first half of…

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FSL Makes List of Top Performers for 7th Time

PR Article
Fidelity Security Life Insurance Company Top 50 life-health insurance companies

Fidelity Security Life Insurance Company (FSL) has been named to the 2019 list of Top 50 life-health insurance companies selected for “outstanding financial results in areas of safety, consistency and performance over a five-year period.” The list, known as the Ward’s 50, was released by Aon plc, a leading global professional services firm that operates the Ward’s 50 benchmark group. The group analyzes more than 700 U.S.-based life-health insurers. To make the list, each company must pass minimum thresholds for safety and consistency as well as excel in financial performance…

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Stolen Swedish crown jewels were insured but are irreplaceable

Julie Campbell
Swedish Crown Jewels - Crown

Despite the coverage from a policy for the royal regalia, the items are essentially priceless in nature. Thieves stole the Swedish crown jewels on Tuesday, July 31, 2018. They made their escape in a speedboat and have yet to be apprehended. Though there was insurance coverage for the royal regalia, the monetary value will never replace the historical artifacts themselves. The thieves made off with two crowns and an orb dating back to the 17th century. Two crowns and an orb were taken from the 17th century collection of the…

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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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Paramedic insurance coverage is broadening its importance in the United States

Logan B.
Business paramedic insurance

Experts predict that this type of policy will becoming increasingly necessary, particularly for disaster scenarios. Paramedic insurance coverage is a growing industry and experts predict that this growth will only continue to head upward. This includes in cases of U.S. disasters. In fact, the extreme weather events have been among the driving forces in insurance policies for paramedics. The many different extreme weather events and natural disasters in the United States this year have led to a rising interest in paramedic insurance. That type of coverage has already seen growth…

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Insurance company Brexit takes Liberty Specialty Markets out of London

Logan B.
Insurance company brexit strategy

The specialty insurer announced the city that will become its new home after the U.K. splits from the E.U. The insurance company Brexit strategy announcements have begun, and among the latest is the new Liberty Specialty Markets headquarters. The specialty insurance company has been seeking a new home following the British exit from the European Union and recently made its decision. The company announced that it will be remaining in London for now but will leave as Brexit occurs. The insurance company Brexit move has launched an effort to move…

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Berkshire Hathaway Specialty Insurance makes two critical appointments in Asia

Julie Campbell
berkshire hathaway specialty insurance industry

The company has now announced its hiring for two key underwriting team leadership positions in that market. Berkshire Hathaway Specialty Insurance (BHSI) has now announced that it has made two important appointments for the leadership positions in its Asian underwriting team, as the Asia regional head of first party lines position was filled by Malin Fredriksson, and the Asia regional head of engineering and construction is now Kiran Prakash. Both of those positions are located in Singapore and will be integral to the company’s presence there. Fredriksson has joined Berkshire…

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