Buffett Loans Billions to Swiss Re

Insurance giant turns to Omaha after heavy annual loss

By Jason Farago, Newser Staff

Posted Feb 5, 2009 8:31 AM CST

(Newser) – Insurance giant Swiss Re has reported an annual loss of $860 million and will turn to Warren Buffett to retain its investment-grade rating, the Financial Times reports. The company will raise $2.58 billion, of which more than half will come from Berkshire Hathaway—leaving... Read full story »

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Buffett Loans Billions to Swiss Re

Insurance giant turns to Omaha after heavy annual loss

Warren Buffett • insurance • Berkshire Hathaway • financial crisis • Swiss Re

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