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An America drowning in red ink is the land of the free no more
Topic - Steve Stelmach
But, if Berkshire Hathaway provides no reinsurance options and instead just issues insurance on new municipal bonds, the new competition is likely to squeeze out some of the smaller insurers, such as Security Capital Assurance, Mr. Stelmach said.
"Any capital new to the space for reinsurance would be a net positive," said Steve Stelmach, an analyst with Friedman, Billings, Ramsey & Co. But if Mr. Buffett "uses capital simply as competition, it is a negative," Mr. Stelmach said.