as informed in
Why Buffett loves the insurance business so muchIn a nutshell, Buffett loves the insurance business for its financial structure.
Here’s a rundown of Berkshire’s insurance operations, and why Buffett loves the insurance business so much.
Buffett refers to the property-casualty insurance business as “the engine that has propelled our expansion since 1967.”
In fact, Buffett specifically referred to the insurance industry as Berkshire’s “most important sector” in his latest letter to shareholders.
General Re has a similar business model, providing reinsurance to the life/health insurance industry, as well as to property/casualty insurers.
Former President Dines with Warren Buffett
Former President Barack Obama stopped in Omaha briefly on Sunday to have lunch with billionaire Warren Buffett.
The last time Obama visited Omaha was in January 2016 as part of a series of speeches he gave after his final State of the Union address.
Susie Buffett declined to say what the three discussed during the lunch except that she said the meal wasn’t a fundraiser.
Susie Buffett said she and her father spent about 2 1/2 hours together in a private room at the country club where her father is a member.
Obama landed in Omaha Sunday afternoon and was driven to Happy Hollow Country Club.
collected by :John Locas