Berkshire Hathaway Inc. (BRK.A): Why American International Group Inc (AIG) Is Furious With Warren Buffett

Page 2 of 2

And remember, this isn’t the first time Buffett has had to build the market share for one of Berkshire’s insurance businesses from the ground up. As he reminded us in his 2012 letter to Berkshire shareholders, it took nearly 18 years to grow GEICO’s share of the personal-auto market from 2.5% to 9.7%, a period during which premium volume increased by nearly sixfold to $16.7 billion.

In the end, whether the competition likes it or not, you can bet that same long-term focus will permeate the team Buffett has put in place at Berkshire Hathaway Specialty Insurance.

The article Why AIG Is Furious With Warren Buffett originally appeared on Fool.com and is written by Steve Symington.

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends and owns shares of AIG and Berkshire Hathaway and has options on AIG. 

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2