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Berkshire created this government bond insurance company in December 2007 to insure municipal and state bonds. [4] [5] These type bonds are issued by local governments to finance public works projects such as schools, hospitals, roads, and sewer systems.
In 2023, the growth of Berkshire's insurance businesses offset the macro headwinds for most of its non-insurance businesses, and its total operating earnings grew by 21%. Its non-insurance ...
Berkshire Hathaway Travel Protection (BHTP) is a North American-based travel insurance company, headquartered in Stevens Point, Wisconsin. Business lines include traditional travel insurance offerings for leisure travelers, a travel-agent errors-and-omissions insurance group, travel insurance underwriting for Managing General Agents (MGAs) and ...
Aside from its subsidiaries, Berkshire manages a portfolio of non-controlling stock investments into which its insurance companies invest policy premiums. The complete composition of the portfolio is a trade secret , although many positions have been identified through legally required disclosures.
The purchase announced in March will further expand Berkshire's sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company owned by ...
One threat to Berkshire's insurance business, however, is the growing threat of climate change. While this year has been very positive for the company with significantly improved operations at ...
In 1998, General Re Corporation was acquired by Berkshire Hathaway Inc., and in 2003 General Reinsurance Corporation and Cologne Re began marketing under the brand name of Gen Re. [7] In 2009, General Reinsurance Corporation completed its purchase of Cologne Re, [8] whose name was changed to General Reinsurance AG in 2010. [9]
Looking at where the company made its money in insurance Continue reading...