Insurance news

• Berkshire underwriting profits hit by $130mn Tianjin loss

  07-11-2015 02:57
  Warren Buffett's Berkshire Hathaway saw underwriting profits in
  its (re)insurance operations fall to $414mn in the third quarter
  from $629mn for the same period last year.
  The results were affected by a $130mn exposure to the port
  explosion in the Chinese city of Tianjin.
  Reinsurance subsidiary Gen Re shouldered $44mn of the loss with
  Berkshire Hathaway Reinsurance Group swallowing the remaining $86mn
  hit.
  However, this was partly offset by an increase in investment
  income from Buffett's famed i
  
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