It would continue to reinsure Independent Insurance (insurers also buy insurance for themselves) only if the company was to put up collateral.

ECONOMIST: Independent Insurance

Then they reinsure outstanding liabilities with successor syndicates and close shop.

ECONOMIST: Lloyd��s of London

Dot Gibson, general secretary of the National Pensioners Convention, says Saga needs to make significant changes to its pricing for customers who reinsure year after year.

BBC: Saga home insurance premiums row

Speaking on CNBC, Buffett said Berkshire offered to reinsure the municipal bonds in exchange for a fee equal to 1.5 times the remaining unearned premium over the life of the bonds.

FORBES: Buffett Offers Bond Insurers A Devilish Deal