This one statement by Buffett says it all when it comes to brilliance of Ajit Jain- Head of Berkshire Reinsurance. Curious to know more about insurance, reinsurance and Ajit Jain, I studied one of the largest reinsurance deals that Buffett and Jain did : Reinsurance of Lloyd's Equitas.
How Lloyd's came to the point of imploding and taking down with it the Queen and Pink Floyd ? How did Buffett and Jain together saved everybody ? (and made money at the same time)
You can download the note here.