Tag: Warren Buffet

Warren Buffett Reveals the Irresistible Allure of the Insurance Game

Nordstrom
Warren Buffett Reveals the Irresistible Allure of the Insurance Game

The Insurtech Revolution in an Autonomous World During the May 2024 Berkshire Hathaway annual meeting, Warren Buffett, a titan of the investment world, shared his insights on the insurance industry, describing it as both intriguing and challenging. His reflections illuminate the industry’s timeless appeal and its unique model that thrives on receiving payments upfront while delivering coverage later. Yet, in an era where technological progress is reshaping industries, Buffett’s insights reveal how the insurance sector must adapt to new realities presented by emerging technologies like autonomous vehicles. The Timeless Appeal…

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Berkshire Hathaway acquires Alleghany insurance company breaking investment fast

Live Insurance News
Insurance Company Acquisitions - Berkshire acquires Alleghany

The purchase agreement was struck shortly after Warren Buffett discussed the lack of investing opportunities. Berkshire Hathaway Inc. has arrived at a purchase agreement for the Alleghany Corp insurance company, only a handful of weeks after Warren Buffett had said that there weren’t any good investment opportunities. The purchase includes Alleghany insurer as well as the Transatlantic Holdings reinsurer. This acquisition of the reinsurance and insurance company will broaden Berkshire Hathaway’s portfolio in this category, which already includes the Geico auto insurer and the General Re reinsurer, in addition to…

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What you need to know about Berkshire insurance investing struggles

Nordstrom
Berkshire Insurance - Analysis - Woman with glasses

Warren Buffett is known for outstanding outcomes in this industry but current figures are sour. In the investing world, Berkshire insurance decisions have often been seen as the gold standard in terms of solid and reliable choices. However, the company’s operating earnings fell in Q2 2019, shocking many investors. Insurers owned by Berkshire saw a substantial plummet in underwriting income in that quarter. Berkshire insurance underwriting income fell by almost 63 percent during the second quarter. This brought it to $353 million. The firm’s reinsurance unit also drooped to a…

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Tesla insurance is “not an easy business”, warns Warren Buffett

H. Cutner
Tesla insurance - Warren Buffet at 2015 SelectUSA Investment Summit

The Berkshire CEO has pointed to past failures of the industry to try to get into selling coverage. Warren Buffett, CEO of Berkshire Hathaway and investing guru to millions has knocked Elon Musk’s idea to launch Tesla insurance. Buffett is seen as an expert in the insurance industry as Berkshire Hathaway thrives within it. Musk recently announced that his electric vehicle company will launch its own Tesla insurance coverage, as reported by Live Insurance News at the end of April. This was, to a large extent, a response to what…

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Warren Buffett makes insurance news with caution in the industry

Julie Campbell

Berkshire Hathaway recently announced its earnings and stated that it is unlikely that an underwriter would be purchased. In recent insurance news, Warren Buffett of Berkshire Hathaway finally put an end to the speculations that have been made about the company for a long time, by saying that they don’t have any real intention to ever purchase a large commercial underwriter, and that the intention is to take a more organic strategy in order to grow their commercial platform. Buffett fielded some heavy questions at the annual shareholder meeting for…

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Berkshire Hathaway makes insurance news with license in Singapore

Julie Campbell
Warren Buffett Berkshire Hathaway Insurance industry

The company has now won the permit that it needs to sell nonlife coverage within the country. In insurance news that represents a first for Berkshire Hathaway in terms of opening up shop in Asia for nonlife products, Warren Buffett’s conglomerate has now won a license to sell in Singapore, representing a first step that the company is taking in a broader expansion across that region. The license in the South East Asian country was awarded to Berkshire Hathaway Specialty Insurance. The company behind this insurance news provides a range…

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Insurance news from Buffet’s firm shoes less reliance on the industry

Julie Campbell
Insurance News - Warren Buffett, CEO of Bershire Hathaway

Berkshire Hathaway investors are looking toward a positive future. The insurance news that followed shortly after Warren Buffet’s birthday has indicated that while there is a positive future for investors in Berkshire Hathaway, there will need to be decisions made after the great man is no longer at the helm. Shareholders are wondering about the evolution of the company after Buffet’s contributions. Berkshire is currently made up of over 80 businesses that brought in over $3 billion in profit during the last quarter. It has a Class A stock that…

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