Berkshire Hathaway acquires 3% stake in Swiss Re
Swiss Re announced today that Berkshire Hathaway has acquired a 3% stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway. The capital released as a result of this reinsurance contract will be used to buy back shares.
Berkshire Hathaway now holds through its subsidiary Columbia Insurance Company, 11 250 000 registered shares or 3.03% of the voting rights of Swiss Re, which it acquired in the open market.
Swiss Re
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