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Swiss Re in $1bn Buffett dispute

Nikhil Kumar
Tuesday 04 December 2012 22:55 GMT
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Warren Buffett's Berkshire Hathaway is seeking up to $1bn (£600m) damages from Swiss Re over a 2010 deal between the companies. Swiss Re disclosed the dispute with its third-quarter earnings update.

While the reinsurer struggled to remain steady during the financial crisis, it accepted a $3.3bn emergency loan from Berkshire.

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