Berkshire/AIG P&C deal could cost $37bn: KBW

KBW analysts have put a $37bn price tag on a Berkshire Hathaway
acquisition of AIG's P&C business in a note defending their
recommendation that Warren Buffett purchase the company last
week.
The estimate includes around half of the business' $11.1bn
non-life deferred tax assets plus about 13.5x AIG P&C's
estimated 2018 earnings of $2.3bn after tax.
The analysts said a premium price tag relative to the
company's peers seemed unlikely, given the "inferior
quality" of AIG's book of business