What Does Buffett See in Swiss Re?
Warren Buffett, the veteran Nebraska investor revered as the Oracle of Omaha, has come riding to the rescue of Swiss Re, the world's largest reinsurance company. Mr Buffett's Berkshire Hathaway – which owns General Re, one of Swiss Re's two biggest rivals – has taken a 3 per cent stake in the Zurich-based giant and will take over a large chunk of its future business.
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