Warren Buffett - General Reinsurance Corporation(Gen Re)
Time: 1998
Place: Stamford, Connecticut, U.S.
Details: In 1998 Buffett acquired General Re (Gen Re) as a subsidiary in a deal that presented difficulties—according to the Rational Walk investment website, "underwriting standards proved to be inadequate," while a "problematic derivatives book" was resolved after numerous years and a significant loss.
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1998 - Zhengzhou, China
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