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Monday April 21st 2014

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Posts Tagged ‘Berkshire Hathaway’

Cigna Paying Berkshire $2.2 Billion to Take Annuity

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 [...]