Tag: reinsurance
Reinsurance deal still looks sweet for Buffett
With AIG ponying up it’s $10 billion sweetener last week, it’s worth looking back at the original terms of the its reinsurance deal with Berkshire Hathaway … The liabilities took like a $34 billion vertical slice of AIG’s P&C risk… BH gets $10 billion to invest… AIG pays the first $25 billion of claims… BH […]
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