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Berkshire's retroactive reinsurance business boosted by 2 non-AIG deals

Mar 6, 2017 - SNL European Financials Daily

The aggregate amount of retroactive reinsurance reserves assumed by National Indemnity Co. increased in 2016 for the second time in six years, but not by nearly as much as it stands to grow in 2017.

A review of the notes to the Berkshire Hathaway Inc. subsidiary's annual statement finds that two new agreements involving a total of three counterparties led the value of retroactive reinsurance reserves assumed to grow to $22.95 billion as of Dec. 31, 2016, net of an $895.5 million foreign cu

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