Berkshire’s Ajit Jain Comments on Indian Insurance Market, Japan, and Succession Issues

The Times of India has published a rare interview with Ajit Jain which coincides with Warren Buffett’s arrival in Bangalore today. Mr. Buffett’s trip to India coincides with the company’s entry into the Indian auto insurance industry through Berkshireinsurance.com, a majority owned subsidiary that has a direct sales strategy similar to Berkshire’s GEICO division. Read this article for more details.

Berkshire Wins World Cup Bet as France Falls to South Africa

Berkshire Wins World Cup Bet as France Falls to South Africa

France was eliminated from the World Cup today after losing to South Africa. This was welcome news in Omaha given Berkshire Hathaway’s $30 million exposure to a French victory in the World Cup. Warren Buffett discussed the unusual bet in an interview with CNBC on March 1. Ajit Jain, who specializes in writing insurance for unusual risks, was credited with underwriting the policy. The purchaser of the policy was not disclosed. Read this article for more details.

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