Warren Buffett seeks $1 billion from Swiss Re

By thinkadvisor | December 04, 2012 at 04:49 AM

Berkshire Hathaway claims damages of up to $1 billion from a 2010 life insurance deal; Swiss Re says the claim has no merit.

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.

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