{"id":232870,"date":"2010-01-26T13:45:00","date_gmt":"2010-01-26T18:45:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-2174973192082331236"},"modified":"2010-01-26T13:47:59","modified_gmt":"2010-01-26T18:47:59","slug":"thestreet-com-buffetts-munich-re-stake-tops-threshold","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/232870","title":{"rendered":"THESTREET.COM: Buffett&#8217;s Munich Re Stake Tops Threshold"},"content":{"rendered":"<p><!-- AddThis Button BEGIN -->                                                     <span>By Andrea Tse<\/span><span style=\"text-decoration: underline;\"><br \/><\/span> <span><\/span><span>01\/26\/10 &#8211; 01:32 PM EST<\/span><\/p>\n<p>NEW YORK (<a href=\"http:\/\/www.thestreet.com\/\" >TheStreet<\/a>) &#8212; Berkshire chairman Warren Buffett has brought his stake in reinsurer <b>Munich Re<\/b> to more than 3% of voting rights, exceeding reporting thresholds.<\/p>\n<p>Munich Re said today that Buffett&#8217;s stake in the world&#8217;s biggest reinsurer rose to 3.045% in voting rights on Jan. 18. The stake was declared by Munich Re because it had gone above a required 3% reporting threshold on Jan. 18. <\/p>\n<p>It is unclear whether Buffet had any stake in the company prior to Jan. 18.  <\/p>\n<p>Around the same time, Warren Buffett&#8217;s <b>Berkshire Hathaway<\/b><span class=\"TICKERFLAT\">(<a href=\"http:\/\/www.thestreet.com\/quote\/BRK.B.html\">BRK.B Quote<\/a>)<\/span> <a href=\"http:\/\/www.thestreet.com\/story\/10666235\/1\/will-berkshires-latest-gamble-pay-off.html\">put down a $1.3 billion wager<\/a> on a block of Swiss Re&#8217;s low-return U.S. life reinsurance business.  <\/p>\n<p>The more than $1 billion deal that was announced on Jan. 18 would free up Swiss Re&#8217;s capital, while possibly resulting in great rewards &#8212; or losses for Berkshire Hathaway, observers believe. <\/p>\n<p>Berkshire Hathaway&#8217;s <a href=\"http:\/\/www.thestreet.com\/story\/10664855\/1\/berkshire-unit-pays-for-cooking-aig-books.html\">General Re<\/a> is currently one of the top four reinsurers in the world.  <\/p>\n<p><i>&#8212; Reported by Andrea Tse in New York<\/i>  <\/p>\n<p><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex Updates<\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51hlhRX908L._SL75_.jpg\" alt=\"The Snowball: Warren Buffett and the Business of Life\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\">The Snowball: Warren Buffett and the Business of Life<\/a> by <span class=\"by\">Alice Schroeder<\/span><br \/>Buy new:        $13.60       \/ Used from:        $11.85<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/41rcIrKhYiL._SL75_.jpg\" alt=\"The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\">The Intelligent Investor: The Definitive Book on Value Investing. 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Munich Re said today that Buffett&#8217;s stake in the world&#8217;s biggest reinsurer rose to 3.045% in voting rights on Jan. 18. [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-232870","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/232870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=232870"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/232870\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=232870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=232870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=232870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}