Warren Buffett’s Berkshire Hathaway scaled back sales of the most unusual and riskiest US insurance policies as prices declined and the company guarded capital for its biggest acquisition. Berkshire’s premiums from companies insured through excess and surplus policies plummeted 32 percent to $473.9m in the 12 months ended March 31, SNL Financial said in a report distributed yesterday by e-mail.
Berkshire scales back coverage of riskiest US policyholders
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