Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI May 5, 2025 By Susanne Sclafane He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the...
Buffett’s Insurance Leader Ajit Jain Sells Large Part of Berkshire Stake September 13, 2024 By Jonathan Stempel Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway BRKa.N, sold more than half of his Class...
Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’ May 8, 2023 By Susanne Sclafane Even though Berkshire Hathaway’s GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader...
Berkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism May 4, 2022 By Susanne Sclafane Shareholders attending Berkshire Hathaway’s annual meeting on Saturday had questions about what will happen to the conglomerate when Chairman Warren...
Buffett Says Non-Insurance Executive Abel Is His Likely Successor May 3, 2021 By Jonathan Stempel and Niket Nishant Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate’s...
Buffett Has Eyes on Competitor Progressive, Not Car Makers Entering Insurance May 7, 2019 By Susanne Sclafane Berkshire Hathaway Chair Warren Buffett said he isn’t worried about recent assertions by Tesla Chief Executive Elon Musk that the...
Berkshire Hathaway’s Vice Chairmen Jain, Abel Each Made $18 Million in 2018 March 18, 2019 By Jonathan Stempel Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18...
Insurance Chief Jain’s Berkshire Hathaway Shares Top $100 Million January 19, 2018 By Noah Buhayar One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million....
Likely Buffett Successors Abel, Jain Promoted at Berkshire Hathaway January 10, 2018 Berkshire Hathaway Inc. on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their widely viewed...
Berkshire Hathaway’s Gen Re Plans to Expand in Indian Market September 28, 2017 By Bhuma Shrivastava General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc. which won a license to open an Indian office in...