Posts Tagged ‘Berkshire Hathaway’
Cigna Paying Berkshire $2.2 Billion to Take Annuity
Cigna Corp. (CI) struck a deal with Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) that will transfer up to $4 billion in obligations pegged to once-troublesome annuity operations Cigna began winding down more than a decade ago. Despite being in wind-down mode, the businesses can still pop up as messy distractions in Cigna's financial [...]
