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Three percent
- Berkshire bought a three percent stake in Swiss Re a year ago, getting 20 percent of its property/casualty business for five years.
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Mar 1, 2010 · March 1, 2010. By Bloomberg. Swiss Reinsurance Co. said Monday it transferred part of its U.S. life insurance business to American investor Warren Buffett’s Berkshire Hathaway Inc. for 1.3...
Feb 6, 2009 · Swiss Re on Thursday turned to Warren Buffett, the renowned US investor, for SFr3bn ($2.6bn) in fresh funding and cut its dividend to virtually zero as it struggled to retain its...
- Gwen Robinson
Feb 5, 2009 · More than half of the SFr5bn Swiss Re may raise will come from Berkshire Hathaway, Mr Buffett’s conglomerate. He already has a 3 per cent stake and could eventually own more than 20 per cent.
In 2009 Warren Buffett invested $2.6 billion when Swiss Re raised more equity capital after it lost 6 billion francs in its financial market operations in the Global Financial Crisis. Berkshire Hathaway already owns a 3% stake, with rights to own more than 20%.
- 19 December 1863; 159 years ago
- US$49.314 billion (2019)
- 15,401 (end 2019)
- Zurich, Switzerland
Feb 5, 2009 · Warren Buffett says he is "delighted" to have an opportunity to increase Berkshire Hathaway's investment in Swiss Re by 3 billion Swiss francs, or about $2.6 billion.
- Alex Crippen
Nov 26, 2019 · Right now, Buffett's Berkshire Hathaway owns 48 securities that had a total value of $233.5 billion as of Nov. 21. Curious what one of the greatest buy-and-hold investors has in his...
Feb 17, 2011 · Swiss Re handed $1.1bn to Warren Buffett’s Berkshire Hathaway in the final months of last year to repay the convertible capital notes the US investor had put into the reinsurer during the...
