AIG deal pushes Berkshire to $22mn underwriting loss

Berkshire Hathaway's record-breaking $34bn retroactive
reinsurance deal with AIG has pushed the Warren Buffett-led
firm's underwriting group to a loss in the second quarter.
The segment, which includes property and casualty as well as
life (re)insurance business, swung to a $22mn underwriting loss
from a $337mn gain reported for the year-ago period.
Berkshire's collection of underwriting companies, which
include personal lines carrier Geico and reinsurer Gen Re, were
dragged into the red by a $4