General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway Inc., completed its analysis of strategic alternatives for General Re Financial Products (GRFP), determining that it will resume its activities with some changes. Berkshire Chairman Warren Buffett said he “unequivocally” supports the business plan, and has “complete confidence” in the management’s ability to deliver. GRFP has a “AAA” counterparty credit rating from Standard & Poor’s.
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