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Berkshire keeps brakes on reinsurance after rail gamble

11 November 2009

Despite a 15 percent recovery in shareholders' funds from the end of 2008 to 30 September 2009, Berkshire Hathaway shows little sign of getting its appetite back for its catastrophe reinsurance portfolio.

Indeed, after serving itself a sizeable feast to digest with its impending takeover of Burlington Northern Santa Fe Corporation (BNSF), the investment conglomerate declared it will continue to constrain business written by its reinsurance arm.

In a 10-Q filing that saw it unveil a trebling of third quarter...

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This article was published as part of issue November 2009/2

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