CNA reinsurance deal to land Berkshire with major loss
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CNA reinsurance deal to land Berkshire with major loss

The ultimate expected loss on the CNA asbestos portfolio that Berkshire Hathaway reinsured in 2010 for $2.2bn deteriorated by $479mn in the fourth quarter and will now leave the company and its reinsurance head Ajit Jain with a loss.

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