Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Swiss Re in $1.268 Billion Deal with Berkshire Hathaway Life Insurer
Jan 19 2010 // Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The...
Ratings Recap: Berkshire H. (Notes), AXA US, Chartis PR, AGCS Marine
Jan 12 2010 // Standard & Poor’s Ratings Services has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $1.0 billion senior notes. The notes will have various maturity dates....
Best Affirms Swiss Re and Subs ‘A’ Ratings; Outlook Stable
Dec 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Reinsurance Company Ltd. and its subsidiaries. Best also affirmed...
Zinno Named Vice President and Head of GEICO Insurance Agency
Nov 18 2009 // Insurer GEICO recently named John Zinno a vice president of the company and president of GEICO Insurance Agency, which has offices Virginia and New York. A company subsidiary, GEICO Insurance Agency is a personal lines...
Best Puts Berkshire’s Subsidiaries Ratings under Review/Negative
Nov 9 2009 // A.M. Best Co. joined Standard & Poor’s and Fitch Ratings in placing the financial strength ratings (FSR) and issuer credit ratings (ICR) of the domestic and international P/C and life/health subsidiaries of...
S&P Puts Berkshire Hathaway on Credit Watch – Negative
Nov 5 2009 // Standard & Poor’s Ratings Services has placed its ratings on Berkshire Hathaway Inc. (BRK) and various affiliates on CreditWatch with negative implications following the company’s announcement that it will...
GEICO Opens West Virginia Office
Oct 23 2009 // GEICO hosted the grand opening of its new local office in Morgantown, West Virginia this week. Jim Robinson, local GEICO field representative, heads the Morgantown office. The open house featured GEICO’s official...
GEICO Begins Recruitment for New York Operation
Aug 20 2009 // GEICO has begun taking job applications for its new, Amherst, N.Y. based subsidiary, GEICO Insurance Agency, which will sell and service homeowners, renters, boat and other coverage. Gov. David Paterson joined company...
Cancer Allegations Against Railway Company in Texas to Continue
Jun 29 2009 // Although two juries have sided with BNSF Railway Co. in separate lawsuits claiming chemicals in a railroad tie plant in Central Texas caused cancer, dozens of similar lawsuits will go forward, an attorney said. Jurors...
Ratings Recap: Medical Mutual, Eastern, Kaufmann, Seaworthy
May 15 2009 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Medical Mutual Insurance Company of...
Insurance ‘Relatively Unaffected by Recession,’ Boasts Berkshire’s Buffett
May 4 2009 // Being a big insurer will cost Berkshire Hathaway Inc. dearly when severe catastrophes strike, but it is a good place to be in the midst of an economic downturn, Chairman Warren Buffett said. “We are lucky,”...
Moody’s Lowers Berkshire Hathaway’s Ratings from Top Tier
Apr 9 2009 // Moody’s Investors Service cut its credit ratings on Berkshire Hathaway Inc from Aaa, the top rating, saying the recession and investment losses at insurance operations of investor Warren Buffett’s holding...
Swiss Re Finalizes Funding Agreement with Berkshire Hathaway
Mar 13 2009 // Swiss Re has announced that the “main terms of the convertible perpetual capital instrument to be issued to Berkshire Hathaway have been finalized.” The funding agreement was announced at the same time as Swiss...
Fitch Lowers Berkshire Hathaway’s ‘AAA’ Rating to ‘AA+’
Mar 13 2009 // Warren Buffett’s Berkshire Hathaway was stripped of its ‘AAA’ credit rating by Fitch Ratings, barely hours after S&P cut General Electric Co’s top-tier rating, as the global financial crisis...
Berkshire Hathaway Dogged by Derivatives, Accounting Rules
Feb 23 2009 // Shares of Warren Buffett’s Berkshire Hathaway Inc. sank last Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and...
GEICO Lowers Georgia Auto Rates
Jan 23 2009 // GEICO reports that it is reducing auto insurance rates in Georgia by 2.3 percent on average. The rating plan is already in effect for new policies and will be effective Feb. 8 for renewal policies. GEICO is currently the...
Strategic Planning for an Increasing Direct Writer Marketplace
Nov 16 2008 // The traditional role of an insurance agent in the sale of insurance products to potential policyholders has changed dramatically over the years. Historically, the agent was the customer’s first and only point of...
Even Buffett Can’t Escape Markets, Storms; Berkshire Profit Falls 77%
Nov 10 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives...
‘Good Students’ in Virginia Get 15% Auto Insurance Break from GEICO
Oct 29 2008 // In Virginia, drivers who are full time students between the ages of 16 and 24 could be eligible for a 10-15 percent discount from GEICO. The insurer said its discount applies if the teens meet any of these requirements: B...
Berkshire Hathaway’s Buffett Considering Purchase of AIG Assets
Sep 24 2008 // Billionaire investor Warren Buffett said Wednesday his Berkshire Hathaway Inc. insurance and investment company would consider buying some units from American International Group Inc., the insurer bailed out by the U.S....
