Loading LiveCycle Banners.
  1. News Articles
  2. Related News Articles
News Article Details

Swiss Re Shareholders Approve Funding Agreement with Berkshire

Back | A- | A+
 Email This     Print     Subscribe

Posted on 13 Mar 2009

At Swiss Re's Annual General Meeting today in Zurich, shareholders approved the creation of conditional capital to secure the necessary underlying shares for the convertible perpetual capital instrument to be issued to Berkshire Hathaway Inc.

Peter Forstmoser, Chairman of the Board of Directors of Swiss Re, thanked shareholders for their trust and their continued support. He said: “The approval of the capital increase means that Swiss Re’s financial strength will be further reinforced. This will allow us to continue to capture upcoming reinsurance market opportunities and to strengthen our core business even further.”


Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000