Source Pravda.Ru

Berkshire Hathaway buys 3 percent stake in Swiss Reinsurance

Berkshire Hathaway Inc. announced a purchase of a 3 percent stake in Swiss Reinsurance Co.

The company is also going to assume a 20% share of the Zurich , Switzerland-based reinsurer’s property/casualty business under a proportional reinsurance contract.

Over the next 24 months Swiss Re wants to acquire up to 1.75 billion Swiss francs ($1.6 billion) of its own shares. The company plans a total buyback of up to 7.75 billion Swiss francs ($7.08 billion).

Berkshire Hathaway is a conglomerate holding company headquartered in Omaha , Nebraska , U.S. , that oversees and manages a number of subsidiary companies. Berkshire Hathaway's core business is insurance, including property and casualty insurance, reinsurance and specialty nonstandard insurance. The Company averaged a 25%+ annual return to its shareholders for the last 25 years while employing large amounts of capital and minimal debt.

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum
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