Pestalozzi advises Berkshire Hathaway on its CHF 3 billion convertible perpetual capital investment in Swiss Re | Pestalozzi Attorneys at Law

Pestalozzi advises Berkshire Hathaway on its CHF 3 billion convertible perpetual capital investment in Swiss Re

01.04.2009

Berkshire Hathaway acquired a 3% stake in the Swiss Re in January 2008. Berkshire Hathaway and Swiss Re also entered into a reinsurance contract, the capital release of which is used to buy back shares. Under this quota share arrangement, Berkshire Hathaway assumes a 20% share of all Swiss Re's property and casualty business for the following five years. Pestalozzi acted as counsel to Berkshire.

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