Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
GEICO Names McKenzie VP of Southeast Regional Operations
Mar 14 2018 // The GEICO board of directors has named Gary McKenzie regional vice president of the company’s Macon, Ga., Southeast operations, which manages policies for customers in seven states. He previously served as assistant...
Buffett Eyes ‘Huge’ Acquisitions But Not in Insurance
Feb 26 2018 // Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate...
Berkshire’s 14-Year Insurance Win Streak Comes to an End
Feb 26 2018 // Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his...
Berkshire Hathaway GUARD Enters Personal Lines Segment
Jan 29 2018 // Berkshire Hathaway GUARD Insurance Companies is now offering homeowners and personal umbrella coverage in Pennsylvania. The product is available through the company’s platform with a target market of one- to...
Insurance Chief Jain’s Berkshire Hathaway Shares Top $100 Million
Jan 19 2018 // One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate...
Likely Buffett Successors Abel, Jain Promoted at Berkshire Hathaway
Jan 10 2018 // Berkshire Hathaway Inc. on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their widely viewed status as potential successors to Warren Buffett as the conglomerate’s chief...
Berkshire Hathaway Specialty Names Chubb’s McGrath to New Zealand A&H Post
Dec 19 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has appointed Jared McGrath to head its new line of Accident & Health products in New Zealand. The product line includes Corporate Travel, Group Personal Accident and...
Despite Insurance Losses, Berkshire Stock Joins Exclusive Club
Dec 18 2017 // Berkshire Hathaway Inc.’s stock price touched $300,000 for the first time on Monday, reflecting investors’ confidence in Warren Buffett’s conglomerate despite four straight quarters of lower operating...
AIG Lures Berkshire Hathaway’s Bolt for Chief Underwriting Post
Dec 5 2017 // American International Group said Tom Bolt will join the company as chief underwriting officer, General Insurance. He will be responsible for developing a global framework for underwriting standards, authority and...
NTSB Cites Broken Rail in 2015 Derailment in South Dakota; BNSF Says Changes Made
Nov 22 2017 // The National Transportation Safety Board has determined a broken rail probably caused the derailment of a train carrying ethanol two years ago in South Dakota. The NTSB report says BNSF Railway’s decision to defer...
Berkshire Insurance Units Take Q3 Hit from U.S. Hurricanes, Mexico Earthquake
Nov 6 2017 // Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc. in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in...
Worker Killed at Berkshire Hathaway Manufacturing Subsidiary in Georgia
Nov 3 2017 // Authorities in Georgia say a man is dead after being caught in a piece of machinery at a plant in north Georgia. Whitfield County Coroner Greg Bates told The Atlanta Journal-Constitution that 51-year-old Jesus Pimentel was...
Berkshire Hathaway’s Gen Re Plans to Expand in Indian Market
Sep 28 2017 // General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world’s fastest-growing reinsurance market. The unit plans to...
P/C Direct Premium Written Up 4.5 Percent
Sep 18 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
Berkshire Hathaway Eyes Buying Stake in IRB Brasil Resseguros: Sources
Jul 26 2017 // Berkshire Hathaway Inc., the firm run by billionaire investor Warren Buffett, is in talks to buy a stake in Latin America’s biggest reinsurer, IRB Brasil Resseguros SA, after an initial public offering of stock,...
Businesses Come Out on Top in Current Supreme Court Term
Jun 21 2017 // The U.S. Supreme Court has sided with business interests in a series of cases in its current term, which began in October and is due to end next week. In 19 business-related cases that the U.S. Chamber of Commerce...
How Advertising Spend, Underwriting Results Relate to Auto Insurers’ New Business Yield: J.D. Power
Jun 19 2017 // Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the J.D. Power 2017 U.S. Insurance Shopping Study. We define new business yield rates as the proportion of...
Supreme Court Limits Where Injury Lawsuits Against Firms Can Be Brought
May 30 2017 // The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case involving...
Berkshire Hathaway Goes Small with biBERK Online Commercial Site
May 10 2017 // It has been decades since anyone thought of Warren Buffett’s Berkshire Hathaway Inc., or even its insurance operations, as “very, very small.” But that’s how a senior executive describes biBERK, a...
