Hi,
Mr. Warren Buffett, Berkshire Hathaway main Business is insurance, Berkshire Hathaway has get license for a new bond insurance unit in Dec2007. In my pervious posted Warren Buffett's Berkshire Hathaway Assurance Corporation and News Update on Berkshire Hathaway Assurance Corporation we have seen Buffett Berkshire Hathaway Assurance Corporation News.
CNBC reported State Regulators Working with Berkshire Hathaway on Nationwide Bond Insurance License Application, Berkshire Hathaway Inc. agreed to expand its new bond insurer nationwide in exchange for faster licensing according to a group of U.S. state regulators.
Ajit Jain, who runs Berkshire's insurance businesses, who is in charge of the new Berkshire Hathaway Assurance Corp., declined to comment about the matter. Warren Buffett's Berkshire Hathaway has about 40 Billion on hand and had made some small deal in the bond insurance earlier this year.
For more information:
Buffett's Bond Insurer to Go National, Regulators Say
Berkshire Hathaway to Expand Bond Insurer Nationwide
Regulators Push for Bond Insurance
Buffett gets into bond insurance
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