Arab Today, arab today swiss re to accept 610m to end dispute with warren buffett
Last Updated : GMT 14:44:40
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Swiss Re to accept $610m to end dispute with Warren Buffett

Arab Today, arab today

Arab Today, arab today Swiss Re to accept $610m to end dispute with Warren Buffett

Zurich - AFP

Swiss Re, one of the world's biggest insurers, on Thursday said it had settled a dispute with billionaire Warren Buffett's Berkshire Hathaway over a 2010 life retrocession deal, and would accept a settlement of $610 million from the US company. Swiss Re said in a statement it had agreed to take back some of the risks covered by the reinsurance contract with Berkshire Hathaway. The total protection provided by the US firm to Swiss Re will be reduced from $1.5 billion to $1.05 billion, it added.

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