Alice Schroeder Quotes
With this transaction, Berkshire is now clearly an insurance company that will generate excess capital and cash flow that can be invested and, of course, the real synergy here is that Warren Buffett is the master at allocating and using capital and General Re is a company that generates an enormous amount of excess capital, so it's a great fit. 
Tweet
Transaction | Berkshire | Insurance | Company | Generate |
comments powered by Disqus
It appears many insurers would be severely damaged, if not bankrupted, by a disproportionate share of a $10 billion loss. We believe that a certain amount of insurers may simply withdraw from writing certain lines of business.
- Alice Schroeder
