Tuesday, January 19, 2010
Warren Buffett's Berkshire Hathaway, insurer Swiss Re make $1.3B deal
When billionaire Warren Buffett takes a risk, it's usually a big one... Buffett's Berkshire Hathaway has made a deal with insurer Swiss Re, allowing it to transfer the liabilities of a money-losing U.S. life reinsurance contract for nearly $1.3 billion... The deal makes Berkshire Hathaway's life insurance company liable for up to $1.5 billion in claims. In return, Berkshire Hathaway will be the recipient of premiums...
NY Daily News: Warren Buffett's Berkshire Hathaway, insurer Swiss Re make $1.3B deal
NY Daily News: Warren Buffett's Berkshire Hathaway, insurer Swiss Re make $1.3B deal
Permalink posted by markw @ 5:43 AM 
 |
 |  |
  |
