Alice Schroeder
Alice Schroeder
Alice Schroeder is an American author, columnist and former insurance analyst...
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I see 234 parking spaces, and I get concerned about people crossing the street. When the high school lets out, the place is already packed with cars.
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He's exceptionally qualified as a manager. His charm and force of personality cause people to do what he wants. It just happens.
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It appears many insurers would be severely damaged, if not bankrupted, by a disproportionate share of a $10 billion loss. We believe that a certain amount of insurers may simply withdraw from writing certain lines of business.
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With this transaction, Berkshire is now clearly an insurance company that will generate excess capital and cash flow that can be invested and, of course, the real synergy here is that Warren Buffett is the master at allocating and using capital and General Re is a company that generates an enormous amount of excess capital, so it's a great fit.