Buffett Says Berkshire to Be ‘Significant Factor’ in Commercial Insurance

May 6, 2013

  • May 6, 2013 at 11:34 am
    Capital Allocation Charlie says:
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    I read elsewhere that this new BH operation was mainly E&S. This story either missed that key point, or the other report I read was inaccurate, or it or I wrongly focused on E&S.

    Plenty of capital to use is both a good thing and a bad thing. Let’s watch how ex-AIG execs use capital when Uncle Warren is its’ source, rather than Uncle Sam.

    • May 7, 2013 at 1:45 pm
      Mark says:
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      Doesn’t BH already have an E&S operation in USLI? Why don’t they just expand that unit? It’s already established, and I wouldn’t think expansion would require a whole lot of poaching…

      • May 13, 2013 at 2:04 pm
        TX Agent says:
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        USLI’s appetite is so small they could NEVER get to scale with that company.

  • May 6, 2013 at 11:51 am
    Insurance 102 says:
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    E&S Insurance will be the launching point for the new B&H operation given that Eastwood, Breshnahan and Godwhani all have strong ties to Lexington.

    All of them are strongly intelligent and competent executives. Moreover, they have large rolodex, and I am sure they will be using their many contacts (especially from AIG) to join BH operation.

    This is another blow to AIG. I am sure another exodus of employees is set to hit the company.

    • May 6, 2013 at 2:38 pm
      Agent says:
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      AIG thinks it will be business as usual and they can replace all those guys with people who have been waiting in the wings. Personally, I think they will find a number of accounts going elsewhere before it is said and done.

    • May 6, 2013 at 3:09 pm
      That could be problematic says:
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      Using their rolodex for contacts?

      • May 7, 2013 at 11:22 am
        SteveB says:
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        “Rolodex” ahhhh. Music to my ears. Wait, let me take a hammer my iPhone.

  • May 7, 2013 at 12:24 pm
    Insurance 102 says:
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    I Phones, Blackberries, Window Phones, AIG employees will be contacted and will leave the company faster than Usain Bolt in the 100 meters.

  • May 11, 2013 at 3:46 pm
    Explains a lot says:
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    “strongly intelligent” analysis

    • May 13, 2013 at 1:34 pm
      Knowall says:
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      Will this be direct(ly) sold insurance or through agents? I don;t sell commercial but it seems you have to be pretty careful when you are writing it; it’s not a one size fits all product.



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