Gen Re, a Berkshire Hathaway Company, announced several planned organizational changes prompted by Gerard Lynch’s announcement that he will be retiring December 31, 2014. Lynch has been chairman and CEO since founding New England Asset Management (NEAM) in 1984. Effective …
Warren Buffett says the rate of disasters that Berkshire Hathaway’s insurance companies see hasn’t changed because of extreme weather. Buffett said on CNBC Monday that he hasn’t made any change in the way he calculates the likelihood of a catastrophe …
Warren Buffett’s Berkshire Hathaway Inc. will begin selling coverage through its specialty insurance unit to businesses to help manage costs of responding to reputation-damaging events. The new coverage provides as much as $100,000 to hire a crisis-management consulting firm to …
Credit rating agency Standard & Poor’s on Thursday cut its rating on Berkshire Hathaway Inc., the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, by one notch, citing the company’s reliance on its insurance operations for dividend income. …