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Property

Buffett's Gen Re exits Hong Kong, Riga property-casualty offices

Published Thu, Mar 10, 2016 · 11:34 PM
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[SEATTLE] Gen Re, a reinsurance business at Warren Buffett's Berkshire Hathaway Inc, said it's shuttering property-casualty operations at six smaller locations amid a global reorganisation of its businesses.

Operations in Charlotte, North Carolina; Seattle; St. Paul, Minnesota; Riga, Latvia; Hong Kong and Melbourne will be discontinued, according to a statement on Thursday from the unit of Omaha, Nebraska-based Berkshire.

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