Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), itself a dealer of reinsurance, reduced its shareholding of Munich Re (BIT:MUV2), the largest reinsurer in the world, last week after commenting that he and his associates saw trouble ahead for the industry. The sell represents a large shift of focus for an investor for whom insurance is a forte.
Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), itself a dealer of reinsurance, reduced its shareholding of Munich Re (BIT:MUV2), the largest reinsurer in the world, last week after commenting that he and his associates saw trouble ahead for the industry. The sell represents a large shift of focus for an investor for whom insurance is a forte.
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