6 ms·
Berkshire is the 5th largest reinsurer in the world[1], so not likely to happen... [1]https://www.insurancebusinessmag.com/us/news/breaking-news/these-are-the-
by phonon 6y ago
Berkshire is the 5th largest reinsurer in the world[1], so not likely to happen...
[1]https://www.insurancebusinessmag.com/us/news/breaking-news/these-are-the-top-10-reinsurance-companies-in-the-world-189205.aspx https://www.insurancebusinessmag.com/us/news/breaking-news/t...
- realtalk_sp 6y agoNot sure what you're trying to imply. Reinsurers do in fact reinsure against their own risk. It's turtles all the way down.
- phonon 6y agoYes, retrocession agreements. I know. Berkshire Hathaway is not usually (ever?) on the ceding end of those arrangements.