Berkshire Hathaway to invest CHF3bn in Swiss Re
Swiss reinsurance giant Swiss Re has said it will raise a further CHF3bn of capital from Berkshire Hathaway with an option for a further CHF2bn subject to market conditions.
Not only that, but the group has also entered into an adverse development cover with Berkshire Hathaway on the group's property and casualty reserves, providing total coverage of CHF5bn.
The
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