Warren Buffett continues to dial back on reinsurance
Wednesday, 12 16 2015, Category: Insurance and Reinsurance, Country: World
Warren Buffett has again reduced his investment in the reinsurance industry by cutting his share holdings in the world’s largest reinsurer Munich Re, as the ‘Sage of Omaha’ continues to dial back on his firm Berkshire Hathaway’s interest in reinsurance underwriting.
Much has been written in 2015 about Warren Buffett’s opinion of the reinsurance sector and the prospects for reinsurance underwriting returns in the future.
Despite having previously called insurance and reinsurance the “engine” of Berkshire Hathaway’s growth and continuing to invest heavily in his primary insurance businesses, Buffett has pulled back on underwriting property catastrophe risks and reduced his exposure to reinsurance pricing more generally.