Author Topic: Buffett/Berkshire - general news  (Read 491660 times)

dcollon

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Re: Buffett/Berkshire - general news
« Reply #380 on: December 16, 2016, 05:12:21 AM »
Any assets at Dow that he could swap the shares for?


rb

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Re: Buffett/Berkshire - general news
« Reply #381 on: December 16, 2016, 07:19:45 AM »
Well dow is huge. They must have a little something BRK can squeeze into Lubrizol.

Jurgis

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Re: Buffett/Berkshire - general news
« Reply #382 on: December 16, 2016, 09:26:17 AM »
Well dow is huge. They must have a little something BRK can squeeze into Lubrizol.

I'm sure Buffett & co will talk to Dow about that. Whether Dow will be willing to part with anything worthwhile for BRK is another question.
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longinvestor

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Re: Buffett/Berkshire - general news
« Reply #383 on: January 01, 2017, 06:59:06 AM »
2016 gain for BRK-A= 26%; 193k to 244k

Still selling at a nice discount to IV. Will wait for the annual letter to confirm my numbers.
 

gfp

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Re: Buffett/Berkshire - general news
« Reply #384 on: January 03, 2017, 06:44:45 AM »
Ajit made a deal for a reinsurance policy with a $650m single premium -
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(from insurance insider)

The Hartford buys $1.5bn adverse development cover
Catrin Shi

The Hartford has struck a $1.5bn reinsurance agreement with Berkshire Hathaway unit National Indemnity Company (Nico) to cover certain legacy asbestos and environmental liability exposures, it announced today.

The aggregate excess-of-loss cover provides up to $1.5bn of reinsurance for adverse net loss reserve development above estimated net loss reserves of $1.7bn as of 31 December, when the cover took effect. The reinsurance premium was $650mn.

The cover excludes the £477mn ($588mn) of legacy exposures held by The Hartford's UK P&C run-off subsidiaries. Legacy acquirer Catalina agreed to buy those subsidiaries in July and the deal is expected to complete in the first quarter.

The Hartford will take a charge of about $423mn, after tax, against fourth quarter net income as a result of the Nico arrangement. It will continue to handle claims and retain the risk of recoveries under third party reinsurance contracts for the exposures.

"Our asbestos and environmental exposures have generated adverse loss reserve development over time, creating uncertainty for investors and others about the ultimate cost of these policy liabilities, most of which were underwritten prior to 1985," said The Hartford CFO Beth Bombara.

The reinsurance premium is expected to have a "slightly negative" impact on 2017 P&C net investment income. The Hartford said its previously announced 2017 capital management plan, including share buybacks of $1.3bn, should be unaffected by the Nico deal.

Mayer Brown represented The Hartford on the reinsurance agreement.

gfp

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Liberty

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Re: Buffett/Berkshire - general news
« Reply #386 on: January 04, 2017, 07:55:25 AM »
i didn't know that HBO had made a new Warren Buffett documentary - release date set:
http://www.thewrap.com/becoming-warren-buffett-hbo-premiere-date/

Looks like it is with his cooperation and he will be largely narrating the film -
http://www.thisisinsider.com/hbo-documentary-on-warren-buffett-becoming-warren-buffett-2016-12

Here's a 1-minute trailer for the HBO doc:

https://www.youtube.com/watch?v=jXg0V2tyhXo&feature=youtu.be
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Ballinvarosig Investors

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John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #388 on: January 05, 2017, 02:10:28 PM »
https://www.sec.gov/Archives/edgar/data/1067983/000119312517002728/d287902dfwp.htm

When in Rome.

Isen't this the first time BHF is issuing notes in EUR? Ballinvarosig Investors, if you are in Rome right now, enjoy!
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gfp

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Re: Buffett/Berkshire - general news
« Reply #389 on: January 05, 2017, 03:06:33 PM »
Not the first time, Warren has become fond of mixing in EUR notes with his US borrowings, especially at recent rates.  March 2015 was one of the first if not the first time he sold debt in Euros.

https://www.sec.gov/Archives/edgar/data/1067983/000119312517002728/d287902dfwp.htm

When in Rome.

Isen't this the first time BHF is issuing notes in EUR? Ballinvarosig Investors, if you are in Rome right now, enjoy!