AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire

Wed, 01/25/2017 - 10:07

by Lisa Du and Sonali Basak of Insurance Journal

Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting its first annual underwriting loss since 2002 at its property/casualty business, according to Credit Suisse Group AG.