🔥Berkshire has first annual underwriting loss in years

By catastrophe, Insurance

🔥Berkshire has first annual underwriting loss in years.

Berkshire Hathaway’s insurance operations fell to a fourth quarter underwriting loss of $627mn, as its reinsurance group swung to a $1.31bn pre-tax underwriting deficit for the period, driven partly by wildfires in California.

The Insurance Insider

http://m.insuranceinsider.com/berkshire-has-first-annual-underwriting-loss-in-years

More from tokioX :

  1. $250 million ChinaSat-18 loss looming over insurers
  2. Jiangsu: 4,000 chemical manufacturers organized in 3 years-deal with explosions
  3. 🔥⛈Swiss Re’s Sigma pegs 2017 cat losses at $136bn
  4. ⛈Berkshire Hathaway takes $3bn Q3 cat hit
  5. ⛈Third-Quarter Loss on Catastrophes
  6. ⛈Axis Capital estimates $ 578 million in the third quarter catastrophe loss
  7. #x1f3f9;Tokio Marine , Agreement to acquire medical stop-loss insurance operations from American International Group, Inc. through U.S. subsidiary HCC Insurance Holdings, Inc. 20171003