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BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS (B)

Posted On: Sep. 14, 1997 12:00 AM CST

B

Bavarian Re

Sederanger 4-6, Munich D-80526, Germany; 49/89-0; fax: 49/89/3844-2279

1995* 1994*

Prem. written $1,648,040,674 $1,191,245,736

Prem. earned $1,641,732,854 $1,139,381,807

Capital/surplus $762,169,244 $459,843,701

Net income $55,840,000 NA

Losses $1,117,213,913 $827,487,229

Loss ratio 68% 72.6%

Expenses $487,538,764 $300,217,850

Expense ratio 29.6% 25.2%

Combined ratio 97.6% 97.8%

* Fiscal years ending 12/31/95 and 12/31/94.

Founded: 1911.

Parent: Swiss Reinsurance Co.

Employees**: 384.

***Reflects year-end 1995.

Information for Bavarian Re is included in the consolidated Swiss Re Group listing.

Berkshire Hathaway Group

100 First Stamford Place, Stamford, Conn. 06902; 203-363-5200;

fax: 203-363-5221

1996 1995

Prem. written $715,500,000 $777,000,000

Prem. earned $757,500,000 $717,600,000

Capital/surplus $26,079,600 $19,400,900

Losses $572,900,000 $522,000,000

Loss ratio 75.6% 72.7%

Expenses $192,400,000 $216,600,000

Expense ratio 26.9% 27.9%

Combined ratio 102.5% 100.6%

Treaty 97% 97%

Facultative 3% 3%

Domestic 75% 75%

Foreign 25% 25%

All figures are GAAP, except capital and surplus, which is statutory.

Founded: 1969.

Parent: Berkshire Hathaway Inc.

Subsidiaries: Columbia Insurance Co., National Fire & Marine Insurance Co.; National Indemnity Co.

Employees: 14.

Locations: One domestic, one foreign.

Specialties: Property catastrophe, property facultative, finite risk, marine and aviation excess of loss, limited pro rata.

Officers: Ajit Jain, president; Scott R. Doerr, vp; Thomas Bolt, European operations; R. Scott Stirling, Brian Garrison, Brain Snover, assistant vps.

Contact: Scott R. Doerr, 203-363-5207.