Berkshire Hathaway Assurance Insures Bonds
Jan 10th, 2008 by Martin Lee
Berkshire Hathaway Assurance, Warren Buffett’s newly setup bond insurance firm, has insured bonds for the first time on Tuesday.
It was reported by Reuters that Goldman Sachs bought insurance for their $10 million worth of bonds from New York City.
Both Raymond Orlando and Mike Duvally, the spokesman of New York City office of management and Goldman respectively, declined to comment on the news.
Just last month, Warren Buffett started up Berkshire Hathaway Assurance as a financial guarantor to insure government bonds.