Insurance Journal’s Post

Warren Buffett’s company has been hiding a massive insurer purchase Berkshire Hathaway started buying again in Q3 2023 and has finally unveiled the largest publicly traded purchase that it has kept from the spotlight: Chubb insurance company. The #CastlePointCapital #13Ffiling #ToddCombs #Chubbinsurancecompany #BerkshireHathaway #massiveinsurerpurchase #ninthholding #publiclytradedpurchase #SecuritiesandExchangeCommission #secretpurchase #WarrenBuffett #TedWeschler #Chubbshareholder #insuranceinvestment #insuranceindustry #Berkshiresportfolio #investmentstrategy #publiclytradedportfolio #Chubbshares

Sixth Street and Mnuchin to acquire insurer Enstar for $5.1bn - https://lnkd.in/guwUtPTq A consortium of investors led by Sixth Street has agreed to purchase property and casualty insurer Enstar Group Ltd for $5.1bn in what will be the second-largest private equity-backed insurance deal of the year, according to a report by Bloomberg.

As always, it was great to catch up with Ecclesiastical Insurance UK's Sarah Willoughby recently to talk about high net worth trends and how the insurer is growing across this line of business. Thanks for the interesting conversation! Get the full details on Willoughby's division at Insurance Times... #UKGI #insurance #insuranceindustry #insurancenews #b2b #insurers #insurer #highnetworth #personallines #brokers #broker

It’s always brilliant to secure a contract extension with an existing client. It shows that we are a real partnership, delivering value to the market together. Our latest deal with Protector Insurance UK demonstrates our shared commitment to innovation and excellence, as we continue to set new standards in property claims services. Find out more below… #Insurance #InsuranceClaim #ProtectorInsurance #ClientWin #ContractExtension

🚗 Have you ever heard of subrogation in the insurance world and wondered what it means for you as a policyholder? Subrogation is an essential process used by insurance companies like Allstate to recover funds paid out in claims when another party is at fault. This could be in scenarios like auto collisions or property damage due to someone else’s actions. 🔍 Here’s why it matters: Subrogation not only helps insurers recoup losses, but it also indirectly benefits you by potentially keeping your premiums lower. It’s a complex dance of negotiations and legal steps where your insurer steps into your shoes to claim damages from the responsible party. 🤔 But remember, as a policyholder, your role is crucial. Your cooperation can influence the outcome significantly. For instance, if you unknowingly sign a settlement agreement with the at-fault party, it could jeopardize the subrogation process. 📝 I learned this the hard way when a client almost signed away their rights before the insurer had a chance to act. Always consult with your insurer before making any agreements post-accident! 👉 What’s been your experience with subrogation? Any surprises or lessons learned you'd like to share? 💡 Knowing more about how your insurance works behind the scenes can empower you to make better decisions and help in smoother claim handling. #Insurance #Subrogation #CarInsurance #PropertyDamage #FinancialLiteracy #InsuranceTips

Promised Land: Estoppel Trends in Policyholder Recoveries. Amy Lacey and Serena Mills analyse recent cases that demonstrate how insurers' claim handling practices can lead to estoppel and expand the scope of policy coverage. Read now. https://lnkd.in/db8swtC9 #policyholders #insurance #estoppel

The Financial Conduct Authority has ordered all providers of guaranteed asset protection insurance to pause selling the product by the end of this month. The FCA first raised concerns about the product, is typically sold alongside car finance and covers the difference between a vehicle’s purchase price or outstanding finance and its current market value, last year. The watchdog’s latest fair value measures data showed that only 6% of the amount customers pay in premiums for Gap insurance is paid out in claims. #mindthegap #gapinsurance #motorfinance #fairvalue 

Olympic news on Brokerslink!! #WomenInInsurance #Brokerslink

As one of just five individuals recognized as a 2024 Insurance Rising Star, Law360 highlighted Orrie Levy's success representing policyholders in high-profile, high-stakes matters. Read more about Orrie’s career accomplishments in his profile below. #Insurance #Policyholder #Litigation #RisingStar

Property inspections are pivotal in the claims process, providing invaluable insights into damage assessments. At Premier Claims, we prioritize meticulous inspections to set your claim up for success! Learn more about our proactive approach and commitment to advocating for policyholders. https://lnkd.in/giBNtBsy #PremierClaims #Insurance #InsuranceClaim #ClaimsProcess #PropertyInspections #PublicAdjuster #PropertyDamage