Berkshire Hathaway P&C reinsurance boosted by Tokio Marine deal, as property volumes fall
2 Articles
2 Articles
Berkshire Hathaway P&C reinsurance boosted by Tokio Marine deal, as property volumes fall
Berkshire Hathaway, the American multinational conglomerate holding company, reported that its recently entered into whole account quota share reinsurance agreement with Tokio Marine boosted premium volumes in the second-quarter, which otherwise would have fallen primarily due to lower property underwriting volumes. Berkshire Hathaway reported that overall re/insurance underwriting earnings fell in the second-quarter compared to the prior year, …
The quota reinsurance agreement concluded in March with Tokyo Marine saved Berkshire Hathaway in the second quarter of 2026 from a noticeable decline in premium volume in property and accident reinsurance. Without the agreement, the premiums booked would have fallen year-on-year. Nevertheless, the insurance result was under pressure throughout the Group because Geico's pre-tax profit fell by 45 percent to around one billion US dollars. The artic…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
