‘Bonds unattractive, if not terrible for reinsurers’

WARREN Buffett, who built Berkshire Hathaway Inc by reinvesting premiums from insurance units, said low bond yields have hurt the prospects of that strategy.

“That game has been over for a while,” Buffett said Saturday during Berkshire’s annual meeting in Omaha, Nebraska. “It looks like it will be at least unattractive, if not terrible, for a considerable period in the future.”