XL ties up deal with Warren Buffet on D&O
Warren Buffett’s Berkshire Hathaway has agreed to guarantee insurance policies sold by XL Capital to protect corporate boards and executives against lawsuits if XL is unable to do so, Bloomberg reports
Berkshire will charge $250m over 10 years, Bermuda-based XL said in a regulatory filing.
The deal “addresses both client and broker need for a program that offers the utmost protection to directors and officers in the event that the client’s indemnity coverage fails to respond,” said David Duclos, the head of the firm’s XL Insurance unit.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
