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Gen Re – TransRe deal hikes efficiency of Buffett’s reinsurance capacity

Interesting news last night as an announcement came out from Alleghany owned TransRe to explain that the reinsurance firm has entered into an agreement with Warren Buffett's Gen Re which will effectively see it produce business for the firm. Gen Re, one of Warren Buffett's flagship reinsurance businesses, has a long read the full article →

Might not be for Buffett, but ILS shows reinsurance is a desirable asset class

Analysts at Bernstein have highlighted continued pressures in the global reinsurance marketplace, noting recent divestment in the sector by Warren Buffett. However, as evidenced by the continued influx of ILS capacity in the reinsurance space, just because it’s not right for Buffett doesn’t mean it’s not a desirable asset. Throughout 2015 read the full article →

IAG reports NZ quake deterioration, bulks up Buffett reinsurance

Australian insurance group IAG has reported its results, revealing continued deterioration of its Canterbury, New Zealand earthquake claims, challenging commercial market conditions and new reinsurance arrangements with Warren Buffett's Berkshire Hathaway. IAG last reported the ongoing claims creep from the 2011 New Zealand earthquake last August, when it said that its read the full article →

Warren Buffett continues to dial back on reinsurance

Warren Buffett has again reduced his investment in the reinsurance industry by cutting his share holdings in the world's largest reinsurer Munich Re, as the ‘Sage of Omaha’ continues to dial back on his firm Berkshire Hathaway's interest in reinsurance underwriting. Much has been written in 2015 about Warren Buffett's opinion read the full article →

Fosun completes acquisition of remaining 80% of Ironshore

Fosun International Limited has now completed its acquisition of the remaining 80% of Ironshore that it did not already own, helping it to grow its footprint in insurance and reinsurance, as it becomes a more insurance-oriented investment group. Fosun, a privately held China grown but globally focused investment and asset management read the full article →

Berkshire Hathaway demonstrates flexibility of Buffett model

When the reinsurance market is challenging, competitive and underwriting opportunities seem less attractive so you pull back on premiums underwritten, wouldn't it be nice to still make a decent return on your investments? Reinsurers across the industry are looking at how to become more efficient, how to extract more value out read the full article →

Buffett reduces shareholding in reinsurance firm Munich Re

Warren Buffett's Berkshire Hathaway Inc. and National Indemnity Company have reduced their shareholdings in reinsurance firm Munich Re to 9.7%. Previously, the two firms held around 12% of the share capital of Munich Re. The two companies, directly or indirectly owned by Buffett, have held more than 10% of the shares read the full article →

Berkshire Hathaway copycats will pressure reinsurance pricing: S&P

Warren Buffett had previously bemoaned the fact that reinsurance had become a "fashionable asset class". Now, his own business model is being blamed for creating further pressure on reinsurance prices, as new entrants look to operate with a reduced cost-of-capital. The Berkshire Hathaway reinsurance business model that Warren Buffett has seen read the full article →

S&P questions Berkshire Hathaway re/insurance co’s capital adequacy

Ratings agency Standard & Poor's is questioning the capital adequacy of the insurance and reinsurance companies owned by Warren Buffett's Berkshire Hathaway, due to concerns over the financing of the acquisition of Precision Castparts Corp. Warren Buffett's insurance and reinsurance empire, which he has called the 'engine of growth' for Berkshire read the full article →

Berkshire Hathaway suffers from catastrophe losses

The engine of Warren Buffett's Berkshire Hathaway business stuttered and stalled in the second quarter, as the insurance and reinsurance components which have driven a good deal of the Sage of Omaha's success, were hit by weather and catastrophe losses. Catastrophe I hear you question? But doesn't Warren Buffett hate the read the full article →