Berkshire Hathaway GUARD Insurance didn’t have to look beyond the city for its new corporate headquarters, but it did consider other locations before deciding on a largely empty high-rise building downtown. The company ended months of speculation Wednesday, announcing it closed a deal to buy the Wilkes-Barre Center at 39 Public Square. A sales price was not disclosed. The move…
Read moreBerkshire Hathaway GUARD Insurance Companies has begun offering a Miscellaneous Professional Liability policy in New Jersey with expansion into a half dozen more states targeted by year-end 2016. This new product is the latest development in an expansion plan kicked off in 2013. GUARD CEO and President Sy Foguel explains, "Our vision has been to become a one-stop shop for…
Read moreGuard Insurance in downtown Wilkes-Barre has received accolades from billionaire Warren Buffet for its tremendous growth. Since the insurance company was acquired by a unit of Mr. Buffet’s Berkshire Hathaway in October 2012, its number of employees has grown from 310 to 483, said Chief Operating Officer Carl Witkowski. Of the 483 employees, 396 are based in Wilkes-Barre and the…
Read moreBerkshire Hathaway GUARD Insurance Companies is now offering a lawyers professional liability policy in California, Maryland, New Jersey, Pennsylvania, Texas, and the District of Columbia with ten more states planned in 2016. Available as either a complement to other policies or on a standalone basis, lawyers professional liability is designed to protect against financial losses due to negligence, errors, or…
Read moreA.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of “aa-” of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company and NorGUARD Insurance Company, which operate under an intercompany pooling agreement. These companies are members of Berkshire Hathaway GUARD Insurance Companies (GUARD) and domiciled in Wilkes-Barre, PA. The outlook for all ratings…
Read moreAs a result of expansion, a number of important staff appointments and promotions have been made. Read our press releases to learn more. Traci Herring Berkshire Hathaway GUARD Insurance Cos. has named Traci Herring a senior field representative in Northern California. Herring is responsible for identifying prospects for appointments while providing information about available resources and new developments to existing…
Read moreGUARD held another successful United Way campaign. The employees’ goal was to raise at least $60,000 to aid specific programs at member agencies – a target exceeded by over $5,000. Overall, GUARD’s staff raised $65,085 (including 63 Leadership Givers who contributed at least $500). Combined with GUARD’s corporate match of $31,793, the total donation to the United Way was $96,878.
Read moreA.M. Best Co. has upgraded the financial strength rating to A+ (Superior) from A- (Excellent) and issuer credit ratings to “aa-” from “a-” of NorGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company and WestGUARD Insurance Company, which operate under an intercompany pooling agreement. All ratings have been removed from under review with positive implications and assigned a stable outlook.…
Read moreInvestor Warren Buffet’s company has completed its acquisition of Guard Insurance Group Inc., the Wilkes-Barre-based insurer announced Thursday. Carl Witkowski, Guard’s chief operating officer, said the deal will provide Guard with additional capital to expand its national business and potentially increase hiring locally. Witkowski said Guard, which specializes in small- to medium-sized commercial property and casualty accounts, has doubled the…
Read moreThe list of Ward's 50® top performing insurance companies was released by Ward Group, an operational consulting firm and leading provider of benchmarking and best practices services to the insurance industry. Annually, Ward Group analyzes the financial performance of over 3,000 property-casualty insurance companies and nearly 800 life-health insurance companies domiciled in the United States and identifies the top performers…
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