February 12, 2019
Berkshire Hathaway’s Insurance Group has launched a comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate’s legendary chairman has endorsed it. The product, dubbed THREE, is three-pages long, and combines coverage for workers compensation, multiple liability …
November 5, 2018
Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter, capitalizing on trends ranging from more train traffic on …
August 28, 2018
Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments sector. The conglomerate …
May 8, 2018
Warren Buffett on Saturday said he hoped a chief executive would be found within a couple of months for the healthcare company being set up by Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co. to lower patient costs. …
May 7, 2018
Warren Buffett said he doesn’t want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk. “I don’t think we or anybody else really knows what they’re doing when …
May 6, 2018
Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc. on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce “wild” but in his view meaningless swings …
February 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 Hathaway Inc. In his annual …
February 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 shareholders that this profit streak could end anytime. He was right. …
January 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 executive. Abel was named Berkshire’s vice chairman for non-insurance …
November 1, 2017
The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every year since 2002. That streak could …