Money and Finance
- Links
The Audible Daily Deal looks like an interesting course from The Great Courses (for $3.95): How Ideas Spread (The lecturer also wrote a book on these ideas: Contagious: Why Things Catch On) Follow Buffett Reinsurance Guru’s Sage Advice...
- Buffett Pulls Ahead In Wager Against Hedge Funds
Found via the Corner of Berkshire & Fairfax. It's halfway time in the 10-year stock market wager sometimes called The Million-Dollar Bet—that's Warren Buffett backing the performance of an S&P index fund vs. a New York money manager...
- Ajit Jain Interview With The Times Of India
Found via The Corner of Berkshire & Fairfax.India-born Ajit Jain is seen as one of the candidates who will succeed Warren Buffett as chairman of Berkshire Hathaway Inc. Jain helped set up Berkshire's reinsurance business in 1986 when it was "raining...
- Gurufocus: Berkshire Hathaway Pulls Out Of Municipal Bond Insurance
The municipal bond insurer that Berkshire Hathaway formed in 2007 has largely pulled out of insuring new bonds issued by cities and states, Barron's reports in this week's edition. Berkshire Hathaway Assurance Co. was formed during the struggles...
- Ajit Jain On Cnbc
Berkshire Hathaway shocked the world when it jumped into the bond insurance business, and Ajit Jain, president of the reinsurance and specialty risk division at Berkshire Hathaway, discusses the new venture. (Video) ...
Money and Finance
Buffett Buys Reinsurer; Bond Venture Rumored
The Oracle of Omaha is picking up a Dutch reinsurance business on the cheap.
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Dutch financial services firm ING on Friday announced the sale of its NRG reinsurance unit to billionaire investor Warren Buffet's Berkshire Hathaway for 300 million euros ($440.7 million), resulting in a capital loss after tax of 100 million euros ($146.9 million) in 2007.
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The acquisition could have something to do with plans by Buffett to launch a municipal bond insurance company. The Wall Street Journal reported that Buffett will launch a bond insurance business Friday in New York, aiming to capitalize on instability in that sector.
The acquisition could have something to do with plans by Buffett to launch a municipal bond insurance company. The Wall Street Journal reported that Buffett will launch a bond insurance business Friday in New York, aiming to capitalize on instability in that sector.
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If true, it could spell trouble for the leading bond insurers Ambac Financial Group and MBIA.
If true, it could spell trouble for the leading bond insurers Ambac Financial Group and MBIA.
- Links
The Audible Daily Deal looks like an interesting course from The Great Courses (for $3.95): How Ideas Spread (The lecturer also wrote a book on these ideas: Contagious: Why Things Catch On) Follow Buffett Reinsurance Guru’s Sage Advice...
- Buffett Pulls Ahead In Wager Against Hedge Funds
Found via the Corner of Berkshire & Fairfax. It's halfway time in the 10-year stock market wager sometimes called The Million-Dollar Bet—that's Warren Buffett backing the performance of an S&P index fund vs. a New York money manager...
- Ajit Jain Interview With The Times Of India
Found via The Corner of Berkshire & Fairfax.India-born Ajit Jain is seen as one of the candidates who will succeed Warren Buffett as chairman of Berkshire Hathaway Inc. Jain helped set up Berkshire's reinsurance business in 1986 when it was "raining...
- Gurufocus: Berkshire Hathaway Pulls Out Of Municipal Bond Insurance
The municipal bond insurer that Berkshire Hathaway formed in 2007 has largely pulled out of insuring new bonds issued by cities and states, Barron's reports in this week's edition. Berkshire Hathaway Assurance Co. was formed during the struggles...
- Ajit Jain On Cnbc
Berkshire Hathaway shocked the world when it jumped into the bond insurance business, and Ajit Jain, president of the reinsurance and specialty risk division at Berkshire Hathaway, discusses the new venture. (Video) ...