Hi,
Last month my posted Berkshire Hathaway 3% stake in Swiss Re , mention that Warren Buffett bought Swiss Re the world’s leading and most diversified global reinsurer.
After taking a 1.2 billion write-down related to investments in U.S. sub prime mortgage Berkshire Hathaway entered into a proportional reinsurance contract with the Swiss company, taking on 20% of its property and casualty business over the next five years. In return, Swiss Re reduces its risk, reported by Barron.
Warren Buffett has made some move using taking advantage of the sub prime mortgage crisis to seek bargain for Berkshire Hathaway Shareholders. Warren Buffett also holds about 40 billion of cash in hand, which can do almost big deal he wanted.
Warren Buffett likes Insurance Company, has always say that Insurance is a great business. Berkshire Hathaway Main businesses are Insurance and reinsurance business. Will Warren Buffett buy more Insurance Company? What would Warren Buffett next move be? Stay tune to find out more about the Billionaires investor.
For more information please read the following news:
Go Slow on Swiss Re (member Article)
Buffett may be big beneficiary of Swiss Re: report
Warren Buffett steps in with Swiss Re deal after reinsurer suffers share price fall Buffet Buys 3 Percent Stake in Swiss Re
Warren Buffett snaps up 3pc of Swiss Re
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