Berkshire Hathaway Specialty Insurance (BHSI) announced a significant operational expansion, introducing primary casualty policies in Italy to target national and multinational risks. This move reinforces the conglomerate's focus on growing its core insurance engine.
- The expansion is seen as vital for the company's strategy during the post-Buffett transition period.
- This operational strength directly reinforces Berkshire Hathaway's "float," which is a critical low-cost source of capital for the conglomerate.