Berkshire Hathaway Can Now Offer More Than Just Life Insurance in Singapore

Berkshire Hathaway was granted a license to operate as a non-life insurer in Singapore per various sources. On December 8, this news led to an increase in share prices by 0.7%. The Class B shares also hit their 52-week high during that same trading session to reach $152.94 per share. On the very next trading …

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Berkshire Hathaway Poaches Executives from AIG

Berkshire Hathaway, founded by billionaire investor Warren Buffett, has recently poached two senior executives from AIG’s Asian operations. They did this as part of a plan that will boost their insurance business within the region, we learned according to sources. The conglomerate, which established a commercial insurance business in the US just last year, has …

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Berkshire Hathaway Specialty Teams with Delisio in Surety Market

Berkshire Hathaway Specialty Insurance is continuing its rapid expansion by moving into the surety market. They will begin focusing on the contract surety business. Geoff Delisio has been appointed the senior vice president of surety for the company, and he reports to BHSI’s Executive Vice President David Bresnahan. Bresnahan tells us that Berkshire Hathaway Specialty …

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Berkshire Hathaway Specialty Group Will Acquire Insure America LLC & MyAssist Inc. From Noel Group

We’ve just learned that Berkshire Hathaway Specialty Insurance announced today that they have penned an agreement to buy MyAssist Inc. and Insure America LLC, from the Noel Group. MyAssist Inc. is a telematics service provider and live agent personal assistant company. And Insure America LLC is a company that provides travel industry insurance products. Noel …

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AIG is Furious with Warren Buffett: Here’s Why

There’s an old saying that simply states, “You don’t get rich without making a few enemies along the way.” We recently learned in a report from the Wall Street Journal that Warren Buffett, typically quite loved by all, has been pissing people off as of late. The specific reason is that Berkshire Hathaway recently poached …

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Berkshire Hathaway Specialty Insurance Hires Markel IT Executive as CIO

Berkshire Hathaway Specialty Insurance – the most recently launched commercial P/C insurance unit of Berkshire Hathaway – just hired James Roser as the new chief information officer for the company. His new office is located in Berkshire Hathaway Specialty Insurance’s main office which is based in Boston. Most recently, Roser was the IT head of …

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Berkshire Hathaway Specialty Insurance Names Fortin to Lead Executive and Professional Lines Business

Today we received an announcement from Berkshire Hathaway Specialty insurance. They have decided to appoint Dan Fortin to the position of Senior Vice President, Executive and Professional Lines. Previously, Dan was the Senior VP of CNA Specialty. “Dan has a stellar reputation in the industry and a proven record of spearheading quality, profitable insurance businesses,” …

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