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29 September 2026Reinsurance

Berkshire’s Nico pays $1.12bn to end Hartford asbestos showdown

US P&C carrier The Hartford struck terms with Berkshire Hathaway commercial unit Nico to bury the hatchet over an asbestos book gone (and still going) bad and kill-off a 10-year old adverse development cover at what appeared to be a haircut for The Hartford.

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