AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire

Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting its first annual underwriting loss since 2002 at its property/casualty business, according to Credit Suisse Group AG. The AIG transaction …
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AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire was originally posted by Insurance Super Feed