Forbes online had a blurb about TW stepping down as CEO on 9-1-23 to take over Geico? Interesting move I think.
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Yes he did and he merged their book into Geico’s. Pay attention folks, what I say is pretty simple to follow you freaking d-mb s-b’s.
Berkshire purchased Alleghany a year ago.
Berkshire purchased Allegheny Ins on Monday for 11.6 Billion.
Warren, did you eat paint chips when you were a kid?
Calling your bluff, @2gjl+1msnLyqD.
Post a link to the "confirmation".
The BHathaway site confirmed today that Buffett is in negotiations to purchase “another insurance carrier” which he would merge into part of Geico since they won’t allow anyone to own more than 2 insurance company. Smart move as usual by the master!!
The “Wolf” checking in here. Independent insurance agents need Tom Wilson to stay right where he is at. We need his mismanagement to continue. There are still plenty of high lifetime value customers WE need to rescue from the inept hands of Allstate. I think it’s great that Tom wants to be a digital giant in the insurance world. He can have all the garbage he is writing off direct channel. Please refer to Q1 ‘23 loss ratio.
Why would Warren Buffet destroy his company like that???
Warren Buffett is a smart man and he would not go anywhere near Tom Wilson or anyone who was a part of senior leadership at Allstate.
He has outplayed Allstate constantly over the last 20 years not only to pass them…but to step in them as well…..
Not a chance…
If OP actually reads the news he would have seen that Berkshire Hathaway is doing great except Geico is bringing them down right now. So OP needs to troll better.
Not accurate. Provide exactly where. Why would they hire 65 year old when they are kicking a-s?
Here's a fun idea: when posting nonsense like this maybe you'd be more credible with a link to the article you claim to be referencing?
It's not that I'm calling you a little, or an id--t, or a troll, or all three.
...or am I?
What cripples Allstate is being a publicly traded company. More than anything. The industry is on a ten year and counting journey to slash costs, automate, outsource. Allstate is a mess, but the reality is the industry continues to undergo monstrous change. Darwinism at is finest.
Maybe Geico acquiring Allstate by that time.
Why would Geico commit su----e by hiring TW?