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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Berkshire Hathaway Assurance is a bond insurance company created by Berkshire Hathaway , Inc. in December 2007.[1] [2] [3]
History [ edit ]
Berkshire created this government bond insurance company in December 2007 to insure municipal and state bonds .[4] [5] [citation needed , thus opening itself to competition from any number of investors who could easily assemble the $5 billion capital. BHA began insurance operations in New York, with plans to move on to California, Puerto Rico, Texas, Illinois, and Florida.[6] Warren Buffett announced a plan to add up to $5 billion in capital to BHA to enable it to provide reinsurance on municipal bonds currently guaranteed by Ambac , MBIA , and Financial Guaranty Insurance Company .[7] [7] credit rating was Aa1.[8] [9] [10]
References [ edit ]
^ "Berkshire Hathaway Assurance Corp: Company Profile" . Bloomberg . Retrieved 20 January 2018 .
^ Bajaj, Vikas (29 December 2007). "A Deal Maker With a Hot Hand Opens His Wallet" . The New York Times . Retrieved 20 January 2018 .
^ Crippen, Alex (22 February 2008). "Buffett's Berkshire Backs Over 100 Muni Bonds In Last Two Days" . CNBC . Retrieved 20 January 2018 .
^ "Buffett may build bond insurer with ING reinsurer - Dec. 28, 2007" . 31 December 2007. Archived from the original on 31 December 2007. Retrieved 20 January 2018 .
^ Berkshire Hathaway to buy reinsurer, start bond insurer - MarketWatch
^ a b
David Ellis (2008-02-12). "Buffett offers to help ailing bond insurers" . Fortune . Archived from the original on 2011-06-05. Retrieved 2008-02-12 .
^ "Moody's affirms Berkshire Hathaway Assurance Corporation's Aa1 insurance financial strength rating; outlook stable" . Moodys.com . 24 January 2014. Retrieved 20 January 2018 .
^ GmbH, finanzen.net. "Berkshire Hathaway Assurance Corporation -- Moody's affirms Berkshire Hathaway Assurance Corporation's Aa1 IFS rating; outlook stable" . markets.businessinsider.com . Retrieved 20 January 2018 .
^ Chang, Sue. "S&P rates Berkshire Hathaway Assurance Corp. 'AAA' . MarketWatch . Retrieved 20 January 2018 .
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Berkshire_Hathaway_Assurance&oldid=1230484102 " C a t e g o r i e s : ● B e r k s h i r e H a t h a w a y ● F i n a n c i a l s e r v i c e s c o m p a n i e s e s t a b l i s h e d i n 2 0 0 7 ● U n i t e d S t a t e s f i n a n c i a l s e r v i c e s c o m p a n y s t u b s H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n m a t c h e s W i k i d a t a ● A l l a r t i c l e s w i t h u n s o u r c e d s t a t e m e n t s ● A r t i c l e s w i t h u n s o u r c e d s t a t e m e n t s f r o m F e b r u a r y 2 0 0 8 ● A l l s t u b a r t i c l e s
● T h i s p a g e w a s l a s t e d i t e d o n 2 3 J u n e 2 0 2 4 , a t 0 0 : 1 8 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
