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Strategies & Market Trends : Aardvark Adventures

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To: ~digs who wrote (2284)	10/3/2006 6:27:36 PM
From: ~digs	of 7944

new highs for Berkshire Berkshire Hathaway Reinsurance Group and General Re -- two Berkshire divisions that sell reinsurance for potential hurricane damage -- booked underwriting losses of $2.02 billion in last year's third quarter, when Katrina and Rita hit. With no major storm losses this summer, the divisions will report underwriting gains of about $400 million in the third quarter of this year, predicts Glenn Tongue, partner at hedge-fund T2Partners LLC, which owns Berkshire stock. "It's just going to be mind-blowing how well they do," Mr. Tongue says. Mr. Buffett declined to comment. Message 22872811

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