Reinsurance in General REE - Berkshire Hathaway Reinsurance

Solomon Ackerman wants to know why Berkshire has significantly sold down their holdings in Munich Re which is the world's biggest reinsurance company based in Germany. Becky Quirk: I thought it was very likely that the reinsurance business would not be as good in the next 10 years as it has been in the last 10 years. We are certainly affected by industry factors but we have more flexibility in modifying business models and we've operated that way over the years in insurance generally and in particularly Berkshire Hathaway reinsurance in general REE. Have a lot of ignorance left to work on okay Becky Quirk this question comes from Solomon Ackerman who's in Frankfurt Germany he wants to know