Berkshire Hathaway
Berkshire Hathaway is a diversified holding company known for its extensive portfolio of subsidiaries across various industries. The company's primary business segment is insurance, with significant operations through Geico and Berkshire Hathaway Reinsurance Group, offering a range of products including property, health, and accident insurance. In addition to its insurance activities, Berkshire Hathaway has made substantial investments in sectors such as manufacturing, retailing, and energy. Key acquisitions include Burlington Northern Santa Fe, a major freight railroad, and Berkshire Hathaway Energy, which focuses on utility and energy distribution. The company’s diverse operations also encompass finance and financial products, making it a significant player in multiple markets.
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Past deals in Property Insurance
Chubb
Post in 2024
Chubb is a prominent insurance company headquartered in Zurich, Switzerland, established in 1985. It specializes in offering a comprehensive range of property and casualty insurance services tailored for both businesses and individuals. The company provides commercial and personal property and casualty insurance, as well as personal accident and supplemental health insurance. In addition to these services, Chubb also engages in reinsurance and life insurance, catering to a diverse clientele that includes multinational corporations and local enterprises. With its extensive portfolio, Chubb is committed to delivering innovative insurance solutions to meet the varied needs of its customers.
Alleghany
Acquisition in 2022
Founded in 1929, Alleghany is a diversified holding company with operations in property and casualty reinsurance, specialty insurance, and investment management. Its primary business segments include Reinsurance, offering various reinsurance products to insurance companies worldwide; Insurance, underwriting specialty insurance coverages through wholesale brokers and agents; and Alleghany Capital, engaged in precision machine tools manufacturing, real estate ownership and management, and private equity investments.
HomeServices of America
Acquisition in 2017
HomeServices of America, Inc. is the second largest independent residential real estate brokerage firm in the United States and operates as an affiliate of Berkshire Hathaway. The company is known for its extensive family of brands, which are deeply rooted in their respective communities while also functioning on a national scale. HomeServices provides a comprehensive range of real estate brokerage services, including mortgage, title and closing services, property and casualty insurance, home warranties, franchising, relocation, and escrow services. This diverse offering positions the company as a key player in the homeownership market, catering to the needs of customers and shaping the industry's future.
GEICO
Acquisition in 1996
GEICO is a United States based insurer that began to serve government employees and now offers a broad range of auto and other lines of insurance, including homeowners, renters, condo, boat, RV, property, business, life and travel. The company provides 24/7 service and digital tools such as a mobile app for payments, claims, and inquiries, online chat with agents, roadside assistance, and online digital ID cards. GEICO operates under Berkshire Hathaway after being acquired in 1996, emphasizing affordable coverage and convenient self-service through digital channels.
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