TITLE

Berkshire Hathaway Buys 3% Stake, 20% of P/C Exposure from Swiss Re

AUTHOR(S)
Jones, Marc
PUB. DATE
March 2008
SOURCE
Best's Review;Mar2008, Vol. 108 Issue 11, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Berkshire Hathaway Inc. based in Omaha, Nebraska has acquired a 3.03% stake in Swiss Re and has taken the 20% property and casualty reinsurance exposure of the company through a quota share arrangement. The said transaction allows Berkshire Hathaway to assume a 20% share of all of Swiss Re's property and casualty business for the next five years. The deal will also gives Swiss Re an opportunity to frees up their capital and invest in other opportunities.
ACCESSION #
31203360

 

Related Articles

  • Buffett bolsters Swiss Re capital. Greenwald, Judy; Bradford, Michael // Business Insurance;2/9/2009, Vol. 43 Issue 6, p1 

    The article reports on the plan of Warren Buffett to provide a cash infusion into Swiss Reinsurance Co. Industry observers think that such move would lead to the acquisition of Swiss Reinsurance By Buffett's Berkshire Hathaway Inc. In the fourth quarter of 2008, Swiss Reinvestment reported an...

  • Berkshire Hathaway Acquires a Stake in Swiss Re.  // Asia Insurance Review;Mar2008, p28 

    The article reports on the asset acquisition from Swiss Reinsurance Co. by Berkshire Hathaway Inc. It is stated that Swiss Reinsurance has sold its 3% stake to Berkshire Hathaway and entered into proportional reinsurance contract with the firm. Berkshire Hathaway would assume the 20% share of...

  • Swiss Re cedes block of life business to Berkshire Hathaway. Bradford, Michael // Business Insurance;1/25/2010, Vol. 44 Issue 4, p17 

    The article reports on the move by Zurick, Switzerland-based Swiss Reinsurance Co. to cede a block of life reinsurance business in the U.S. to a unit owned by Berkshire Hathaway Inc.

  • Crystal Fibre to acquire Blaze Photonics.  // Laser Focus World;Sep2004, Vol. 40 Issue 9, p53 

    Reports on plan of Crystal Fibre, a subsidiary of NKT, to acquire assets of Blaze Photonics. Brief history of Crystal Fibre; Purpose for the establishment of Blaze Photonics in 2001; Products of Blaze Photonics.

  • Berkshire buys stake in Swiss Re. Greenwald, Judy; Bradford, Michael // Business Insurance;1/28/2008, Vol. 42 Issue 4, p17 

    The article reports on the move of Berkshire Hathaway Inc. to assume a 20 percent share of Swiss Reinsurance Company's property/casualty business under a proportional reinsurance contract and to take a 3 percent stake in the Swiss reinsurance giant. The quota share reinsurance arrangement with...

  • General plan gets cautiously optimistic reaction; details of the transaction awaited. Greenwald, Judy; Bradford, Michael // Business Insurance;2/9/2009, Vol. 43 Issue 6, p20 

    The article reports on the optimism showed by industry observers about Swiss Reinsurance's prospects following Warren Buffet's decision to invest in the company. The investment came after the reinsurer expects to report a Swiss franc 1 billion loss in 2008, as well as a Swiss franc 4 to 5...

  • Top 35 Global Reinsurers Produced $167 Billion in Premiums in 2007.  // Best's Review;Aug2008, Vol. 109 Issue 4, p37 

    The article offers information on the financial performance of various insurance companies worldwide. Data reveals that global reinsurers enjoyed a strong year in 2007, including Swiss Re Group, Munich Re, Berkshire Hathaway Group, Hannover Re and Lloyd's of London. These top fie companies held...

  • in brief.  // Commercial Carrier Journal;Feb2004, Vol. 161 Issue 2, p10 

    Presents news briefs in the U.S. trucking industry as of February 2004. Decline on the rate of fatal crashes involving large trucks according to statistics from the U.S. Transportation Department; Purchase of all outstanding interests in Trans-Mex Inc. SA de C.V. by Swift Transportation Co.;...

  • Pioneer Industries Acquires Central Brass.  // Supply House Times;Oct2006, Vol. 49 Issue 8, p4 

    The article reports that Pioneer Industries Inc., manufacturer of faucets and plumbing products based in Commerce, California, has acquired the assets of Central Brass Co. located in Cleveland, Ohio. It has been noted that the said purchase will enable Pioneer Industries to expand into the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics