News: Industry News

A Well-Oiled Machine – Berkshire Hathaway GUARD shifts gears smoothly to drive costs down and profits up

December 28, 2018

It’s a long way from Wilkes-Barre, Pennsylvania, to Tel Aviv, the business capital of Israel, and it’s a journey Sy Foguel made many times while assuming the top post at the Berkshire Hathaway GUARD Insurance Companies. Since accepting the position in 2007, Foguel has combined sound actuarial principles with an unerring market sense to produce results that are nothing short…

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GUARD Adds Miscellaneous Professional Liability; CEO Foguel Discusses Expansion

October 28, 2016

Berkshire 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…

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Warren Buffett Touts GUARD’s Growth

May 9, 2016

Guard 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…

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Berkshire Hathaway GUARD Adds Lawyers Professional Liability Program

March 23, 2016

Berkshire 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…

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A.M. Best Affirms Ratings of Berkshire Hathaway GUARD

February 4, 2016

A.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…

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A.M. Best Upgrades 2013 Ratings of GUARD Members

January 24, 2013

A.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.…

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Acquisition of GUARD by National Indemnity Company (a Subsidiary of Berkshire Hathaway Inc.) Completed

October 26, 2012

Investor 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…

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