December 2024 – Page 2

Berkshire Hathaway Specialty Insurance Welcomes New Leaders in UK Operations

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance (BHSI) has announced two notable leadership changes in its UK operations. Andrew Hopper has joined as Head of Financial Institutions, UK, while Chris Nixon has been promoted to Underwriting Manager, Executive & Professional Lines, UK.

These appointments follow the upcoming retirement of Chris Warrior, the current Underwriting Manager for Executive & Professional Lines, UK, who will step down at the end of the year after a distinguished 42-year career in the financial lines market.

Jessica Kirby, Head of Executive & Professional Lines, UK, expressed pride in BHSI’s reputation and looked forward to working with the new appointees. She also commended Warrior for his impactful contributions, including building a strong team and fostering market relationships over the past five years.

Andrew Hopper brings over two decades of experience in financial lines, with expertise in financial institutions. He was previously Head of Financial Institutions, UK and Europe, at another insurer. Chris Nixon, with over ten years in the industry, has been with BHSI since 2019, advancing through various roles and earning his expanded responsibilities.

Both executives are based in London and will focus on continuing BHSI’s commitment to excellence in the UK market.

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

BYD Rolls Off 10-Millionth NEV, Setting a Global Benchmark

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD, the world’s leading manufacturer of new energy vehicles (NEVs) and power batteries, marked its 30th anniversary with a historic achievement: the roll-off of its 10-millionth NEV at the Xiaomo Production Base in Shenzhen-Shanwei. This milestone makes BYD the first automaker to produce 10 million NEVs, achieving the second 5 million in a record 15 months after taking 15 years for the first 5 million.

In a keynote speech at the event, BYD Chairman and President Wang Chuanfu reflected on the company’s transformation from a 20-person startup into a global corporation with nearly one million employees. Wang credited BYD’s success to its engineering-driven culture, relentless innovation, and commitment to shaping the future of mobility. “The soul of BYD’s engineers is the soul of our company,” he emphasized.

Looking ahead, Wang introduced the BYD Basic Guidelines, a strategic framework outlining the company’s principles, experiences, and forward vision. BYD plans to invest 100 billion yuan in integrating artificial intelligence with automotive technologies, enabling comprehensive upgrades across its vehicle lineup. This focus on innovation, sustainability, and cutting-edge technology aims to solidify BYD’s position as a global leader in high-tech and NEV industries.

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.