Buffett’s Still Looking for Elephants But Reluctant to Use Berkshire Shares

Warren Buffett is still interested in “shooting elephants” but is not interested in issuing Berkshire Hathaway shares to fund acquisitions. Read this article for a brief review of Mr. Buffett’s recent comments and to view a CNBC interview.

Swiss Re Estimates $1.2 Billion Pre-Tax Loss From Japan Disasters

Swiss Re has projected claims costs of $1.2 billion net of retrocession and before taxes due to the disasters in Japan. The company emphasizes that a great deal of uncertainty remains due to the difficult situations that still exist in the hard hit areas of Japan. Read this article for more details.

Berkshire Hathaway Scores Major Victory With Swiss Re Investment

Berkshire has wrapped up a major victory with repayment of the Swiss Re convertible perpetual capital instrument which provided critical funding for Swiss Re in early 2009 at a time when the company was reeling from heavy investment portfolio losses in 2008 and had an urgent need to shore up its capital position. Read this article for more details.


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