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Swiss Re To Get $610 Million In Berkshire Hathaway Inc settlement-Reuters

Thursday, 28 Mar 2013 03:59am EDT 

Reuters reported that Swiss Re has settled a dispute with Berkshire Hathaway Inc over a 2010 life reinsurance deal and will receive a $610 million payment from the Warren Buffett's company, the Swiss reinsurer said. Under the original January 2010 deal, Swiss Re agreed to transfer a U.S. life reinsurance contract to Berkshire for 1.3 billion Swiss francs ($1.36 billion), allowing it to reinvest capital more profitably elsewhere. 

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