1/23/2008

Billionaire investor Warren Buffett's Berkshire Hathaway Inc. has purchased 3% of Swiss Reinsurance Co. In return, Berkshire will get 20% of Swiss Re's property and casualty business over the next five years.
The world's biggest reinsurer will use the Berkshire proceeds to finance an additional share buyback program of up to $1.6 billion.

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