Berkshire Hathaway & Warren Buffet Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Berkshire Hathaway & Warren Buffet

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 249443 who started this subject	10/31/2001 9:12:02 PM
From: 249443	of 240

FIFA Signs Insurance Accord for Soccer World Cup With Berkshire By James Ludden Zurich, Oct. 29 (Bloomberg) -- FIFA, soccer's ruling body, said Warren Buffett's Berkshire Hathaway Inc. will insure next year's World Cup against cancellation, two weeks after Axa SA demanded more money to provide the cover. FIFA also said it will sue Axa for withdrawing the insurance for the May 31-June 30 finals in Korea and Japan. Berkshire won't be allowed to terminate the new agreement, FIFA said. While the terms with Berkshire Hathaway's National Indemnity Co. unit were unavailable, the original price for Axa's policy was 27.4 million Swiss francs ($16.8 million). FIFA had already paid premiums of 16.4 million francs. ``I'm delighted that in just a few days FIFA has managed to seal a new contract and that we can count on a strong insurance partner in an emergency,'' FIFA President Sepp Blatter said in a statement received by email.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next