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Berkshire Hathaway (BRK.A) has agreed to reinsure Cigna Corp. (CI) death benefits and retirement...
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Tuesday, February 5, 5:37 AM ETBerkshire Hathaway (BRK.A) has agreed to reinsure Cigna Corp. (CI) death benefits and retirement products in a deal that will provide Berkshire with $1.8B in investment assets but in which it will also take on up to $4B in liabilities. Cigna will fund the deal with $100M in cash and a $300M tax benefit, and will take a Q1 after-tax charge of $500M. (PR)
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