Berkshire Hathaway's underwriting losses continued in Q2

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(Re)insurance giant Berkshire Hathaway swung from a $337m (£258m) underwriting profit in the second quarter of 2016 to a $22m loss in Q2 2017.

Berkshire was hit by a combination of US personal lines insurer Geico chasing market share and paying out higher claims for injuries and property damage in addition to losses associated with Berkshire

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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