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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (3127)	11/11/2002 12:47:18 AM
From: Sr K	Read Replies (1) \| Respond to of 4691

11/11 00:10 Buffett May Buy GE's Employers Re as Rates Soar, Rivals Stumble By Dan Lonkevich Omaha, Nebraska, Nov. 11 (Bloomberg) -- Warren Buffett's possible purchase of General Electric Co.'s Employers Reinsurance Corp. would increase his dominance of the reinsurance industry at a time when rates are soaring and rivals are stumbling, investors said. Buffett may buy Employers Re, people familiar with the situation said, a move that would make the billionaire investor's Berkshire Hathaway Inc. the world's biggest reinsurer by premium income. Price is the major obstacle since Buffett has offered less than the $8 billion that GE wants and has questioned whether the unit has sufficient loss reserves, the people said.