Ajit Jain on insuring ships in the Strait of Hormuz: 'Depends on the price'

Summary

At the 2026 Berkshire Hathaway annual meeting, Ajit Jain answers a question about insuring ships in the Strait of Hormuz. He explains that Berkshire has taken a small participation in a program but has not written any deals yet, and that it ultimately depends on price and underwriting conditions including US Navy escort.

• Ajit Jain responds to a shareholder question about offering insurance for ships in the Strait of Hormuz.
• He states that the short answer is 'depends on the price'.
• Berkshire Hathaway has joined a program to write such insurance but no deals have been executed.
• Underwriting will consider factors like US Navy escort and pricing terms.