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Saturday, February 23, 2008

Berkshire Hathaway Grow In New Bond Insurance

Hi,
Reuters Reported Buffett rapidly grows his new muni insurance arm. Warren Buffett's newest business in insuring municipal bonds. Berkshire Hathaway had expanded into a troubled field as the company backed 112 issues in just the past two days, according to Moody's Investors Service.

Berkshire Hathaway started insuring municipal bonds in December 2007. My pervious posted Update on Bond Insurance, Interview with Warren Buffett on Bond Insurance and Warren Buffett Not Interested In Other Bond Insurers all had more information about the new Berkshire Hathaway Assurance Corporation.

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