Warren Buffet to Re-Consider Investing in Reinsurance

11204593775_5c408f7c32_zOne of Warren Buffets biggest money-making investments has been reinsurance, but recent changes in the industry may change that.

“What was a very lucrative business is no longer a very lucrative business going forward,” Ajit Jain, a longtime top lieutenant to Buffett and a potential candidate to succeed him as chief executive, said in an interview.

“Since the reinsurance business isn’t going to offer as many opportunities for the foreseeable future, we feel like we should go down the food chain.”

Find out more at Market Watch.

Photo courtesy of: Celestine Chua