Business Services Industry
Buffett back on defensive re insurance.(Warren Buffett, Berkshire Hathaway Inc.)(Brief Article)
Australasian Business Intelligence, May, 2005
May 01, 2005 (The Australian - ABIX via COMTEX)
US businessman, Warren Buffett, has revealed little about the interest of regulators in reinsurance companies. Shareholders of Buffett's company, Berkshire Hathaway, questioned him about investigations into Berkshire's reinsurance divisions. Buffett would not comment on investigations into General Re. He said that the annual report of American International Group would disclose more information. Australian regulators are scrutinising some transactions by the Australian division of General Re with FAI Insurances.
Publication Date: 2 May 2005
BERKSHIRE HATHAWAY INCORPORATED:
GENERAL RE CORPORATION:
GENERAL REINSURANCE AUSTRALASIA:
AMERICAN INTERNATIONAL GROUP
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