A nine month old interview with Allegheny CEO Joe Brandon:

https://www.youtube.com/watch?v=aAoWuBlvL7M&t=89s

- How COVID 19 pandemic caught insurers by surprise.

- His time at Gen RE and how he initiated a purchase by BRK

- How the Allegheny deal transpired, what made it attractive to Buffett.

- Allegheny board was surprised by Berkshire's offer.

- How does the TV clicker work? (funny anecdote)

- What will change now that Allegheny is under Berkshire:

- Would you rather work for Berkshire shareholders or the index funds and Larry Fink?

- Berkshire provides a layer of insulation from capital markets, ratings agencies and what gets written n the trade press. This allows us to play the game on the field and not worry about what the crowd thinks.

- We wanted less bureaucracy. Want to make decisions quickly.

- How reinsurance business has changed over the years. Not the business as it used to be, but it's not dead. Small and mid cap reinsure are and/or will be an oxymoron. Companies will need to be BIG in the future.

- Hints at future consolidation in the future?

Berkshire Hathaway FAQ

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