SWITZERLAND: Swiss Re turns to Warren Buffet for fresh cash

Switzerland Swiss Turns Warren Buffet Fresh - Politics, Business, Civil, History - Posted: 5th Feb, 2009 - 11:11am

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Post Date: 5th Feb, 2009 - 11:11am / Post ID: #

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SWITZERLAND: Swiss Re turns to Warren Buffet for fresh cash

SWITZERLAND: Swiss Re turns to Warren Buffet for fresh cash
France Economy Local French Business Updates

World's second-largest reinsurance company Swiss Re said it expects a record loss of 672 million euros in 2008, while it turns to Warren Buffet's Berkshire Hathaway for another two billion Swiss francs to prevent a downgrading of its current rating.
Source: France24 - Business

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