Berkshire loss on AIG deal a remote possibility: analyst

AIG would need to take almost $10bn of reserve charges for
Berkshire Hathaway to make an overall loss on the mammoth $34bn
legacy deal concluded by the two parties last week, according to
Credit Suisse.
However, analyst Ryan Tunis did observe in a 23 January note
that the legacy deal was the first Berkshire Hathaway has agreed
that is big enough to risk the Omaha company making an underwriting
loss in its P&C operations.
Tunis estimated that some $10bn of...