Bloomberg Businessweek

The Fading Financial Magic Of Reinsurance

Warren Buffett and other big investors love the business, but it’s ready for a shakeout
Dill... and Paprika

Warren Buffett watchers know that the reinsurance business has been an important ingredient in his winning formula. Companies like his Berkshire Hathaway sell coverage to other insurance companies for natural disasters and other big events. In return, the reinsurance sellers collect lots of premiums, which they can invest while waiting to pay claims. Buffett has

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek1 min readPolitics
Agenda
• Flying the Climate Activist Flag United Nations Secretary-General António Guterres hosts the Climate Action Summit in New York on Sept. 23, urging governments and companies to do more against global warming. Swedish youth activist Greta Thunberg s
Bloomberg Businessweek3 min read
The Downton Abbey Guide To Tailgating
A cookbook timed to the movie’s release offers recipes that will posh up your favorite pregame.
Bloomberg Businessweek4 min readPolitics
Will $28 Billion Keep Rural Voters Loyal?
U.S. Secretary of Agriculture Sonny Perdue was fielding questions at a farm show in Decatur, Ill., in late August when his boss rang his cellphone. Perdue put the call on speaker and placed it next to the microphone so the crowd could hear Donald Tru