Berkshire Hathaway Insurance Executive Responds to Strait of Hormuz Shipping Underwriting Issue

Regarding the shipping insurance issues in the Strait of Hormuz, Berkshire Hathaway’s insurance business leader Ajit straightforwardly stated that the core focus is solely on pricing. These types of geopolitical risk underwriting variables are complex, with many uncontrollable factors, making precise pricing and underwriting generally difficult for the industry. Berkshire Hathaway has made a small-scale involvement in related project layouts, setting its own acceptable comfort price range, but has not yet issued any formal policies; the terms and risk control conditions are still being fine-tuned and optimized. Relevant underwriting decisions remain a heavy task, and only when the price, risk, and terms all align with its own risk management standards will formal underwriting actions be implemented, adhering strictly to its own pricing and risk control discipline without yielding to market pressures.