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Warren Buffett holds back cash for catastrophes

In an interview with CNBC news Warren Buffett, chairman of Berkshire Hathaway, said that his company will sell less catastrophe reinsurance this year and aims to keep cash back to protect his business interests. He said the aim is to keep an absolute minimum of $10b in available capital on read the full article →

CME Group Hurricane Contracts Get an Early Start

Chicago, Wednesday January 21st 2009 - The 2009 hurricane season is already underway in the financial marketplace as CME Group announced trading activity on the first day of opening the 2009 contracts. This starts the season nearly five months ahead of the 2008 season. According to CME Group, 3000 Seasonal read the full article →