Subsidiaries of Berkshire Hathaway could face deception charges, the liquidator of Australian insurer HIH said today.
General Reinsurance Australia and Kolnische Ruckversicherungs-Gessellschaft, subsidiaries of Berkshire Hathaway, are accused of deceptive conduct contributing to HIH's insolvency.
The Australian insurer crumbled with losses of $5.3bn (£2.8bn) in 2001.
Representatives from Berkshire Hathaway, US billionaire Warren Buffet's investment company, said they could not estimate potential losses as it was unknown whether the liquidator would pursue the claims.
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.
