Analysts says Buffett or Fairfax would make XL invest better
FBR Capital Markets says Warren Buffett’s Berkshire Hathaway and Prem Watsa’s Fairfax Financial would benefit from buying XL Group and boosting the insurer’s investment returns, Bloomberg reports.
Berkshire and Fairfax could “take a more aggressive approach to investing XL’s invested asset base, as these larger companies have higher risk tolerances and a greater ability to absorb market volatility given their capital positions,” wrote Bijan Moazmi, FBR analyst.
None of the firms would comment
Websites
No comments yet