With this transaction, Berkshire is now clearly an insurance...

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.

Alice Schroeder Quote About Amount, Capital, Cash, Clearly, Company: With This Transaction Berkshire Is...

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