Berkshire’s portfolio ‘heavily exposed to property catastrophe’ after 1.4: Jain
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Berkshire’s portfolio ‘heavily exposed to property catastrophe’ after 1.4: Jain

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Berkshire Hathaway has increased its exposure to property cat reinsurance after seeing better pricing at April 1 renewals, according to vice chairman of insurance operations Ajit Jain.

“We were lucky that we kept the powder dry. April 1 suddenly prices zoomed up much higher than they were on January 1 and started to look attractive to us,” Jain said during Berkshire’s annual meeting.

“Now

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