Warren Buffett News

Buffett Says Healthcare Venture CEO Pick Coming Soon

Warren Buffett on Saturday said he hoped a chief executive would be found within a couple of months for the healthcare company being set up by Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co. to lower patient costs. …

Buffett Not Eager for Berkshire to Be Cyber Insurance Leader

Warren Buffett said he doesn’t want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk. “I don’t think we or anybody else really knows what they’re doing when …

Berkshire Hathaway Reports Q1 ‘Accounting’ Loss But Insurance Profit

Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc. on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce “wild” but in his view meaningless swings …

Buffett Eyes ‘Huge’ Acquisitions But Not in Insurance

Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. In his annual …

Berkshire’s 14-Year Insurance Win Streak Comes to an End

Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his shareholders that this profit streak could end anytime. He was right. …

Likely Buffett Successors Abel, Jain Promoted at Berkshire Hathaway

Berkshire Hathaway Inc. on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their widely viewed status as potential successors to Warren Buffett as the conglomerate’s chief executive. Abel was named Berkshire’s vice chairman for non-insurance …

Berkshire Likely to Report Big Q3 Claims Costs – and Reduced Insurance ‘Float’

The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every year since 2002. That streak could …

Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica

Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl from Banca Popolare di Vicenza SpA, one of two failed …

Berkshire Hathaway Eyes Buying Stake in IRB Brasil Resseguros: Sources

Berkshire Hathaway Inc., the firm run by billionaire investor Warren Buffett, is in talks to buy a stake in Latin America’s biggest reinsurer, IRB Brasil Resseguros SA, after an initial public offering of stock, according to two people with direct …

Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs

It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into …