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Cigna Corp and Berkshire Hathaway Inc Sign $2.2 Billion Reinsurance Deal-Reuters

Monday, 4 Feb 2013 06:09pm EST 

Reuters reported that Cigna Corp and Berkshire Hathaway Inc struck a $2.2 billion deal in which Berkshire will reinsure Cigna's risk related to future claims for two annuity businesses Cigna has exited. Berkshire will receive $1.8 billion in assets related to the businesses and another $400 million, including $100 million in cash and $300 million funded from a tax benefit Cigna will receive. 

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