> Warren Buffett Blog: January 2019

Wednesday, January 30, 2019

What Warren Buffett thinks of Diversifying an investment portfolio

"Diversification is a protection against ignorance. But there is nothing wrong with diversification........."

Monday, January 28, 2019

Buffett gives away $13.5 million worth of Berkshire stock to charities

Investor Warren Buffett has given away Berkshire Hathaway stock worth $13.5 million to five different charities since summer of 2018. The gifts of Berkshire stock were disclosed in documents filed with the SEC. These relatively smaller gifts are part of Buffett's overall plan to give away his total fortune over time.

Buffett plans to eventually give most of his Berkshire stock to five foundations, with the biggest share going to the Bill & Melinda Gates Foundation.

Monday, January 7, 2019

More insurance products to be offered from Dubai

An insurance unit of billionaire investor Warren Buffett’s Berkshire Hathaway may offer more products to its clients from its office in Dubai as its remains bullish on the prospects of economic growth in regions from Middle East and North Africa to India, Turkey and CIS, a company official said.

The Berkshire Hathaway Specialty Insurance, based in the Dubai International Financial Centre, offers specialty and commercial insurance and reinsurance products with a focus on construction, energy, property, marine, casualty and executive and professional segments.

“We are already reviewing additional products. We might also offer group personal accident,” said Alessandro Cerase, senior executive officer for BHSI Middle East.

“Right now we are not considering entering the retail business but that does not mean we will not review our position if regulations change over the years. We might decide to expand in the local environment.”

The UAE's insurance market is growing, although over 60 insurers compete in a country with a population of some 9 million.

BHSI is part of Berkshire Hathaway’s National Indemnity group of insurance companies. BHSI was launched in 2013, when Mr Buffett announced the move into commercial insurance. The business was launched in the US with a mandate to build a global primary, property, casualty and specialty insurance portfolio. Today, BHSI has approximately 1,000-strong team in 30 offices across 14 countries.