Cigna, Berkshire Hathaway Strike $2B Reinsurance Deal
Under the deal, Berkshire Hathaway Life Insurance Co. of Nebraska will reinsure Cigna's Run-off Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits, effective Monday. Cigna will pay for the deal with $1.8 billion in investments that support the run-off businesses, and another $300 million in tax benefits, it said in a statement.
In addition, Berkshire will assume all of...
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