Warren Buffett seeks $1 billion from Swiss Re

December 04, 2012 at 04:49 AM
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Warren Buffett's Berkshire Hathaway is seeking $1 billion from reinsurer Swiss Re in a dispute over a life insurance deal they agreed to in 2010. In a recent earnings statement, Swiss Re stated the claim was without merit. Analysts at JP Morgan said the company would be able to make the payment, if it had to, while still meeting dividend forecasts.