Debevoise Represents Swiss Re in Transfer of Risk from Closed Block of US Individual Life Reinsurance Business to Berkshire Hathaway

New York – January 20, 2010 – Lawfuel.com – Attorney Newswire – Debevoise & Plimpton LLP represented Swiss Re in Swiss Re’s US individual life retrocession transaction with Berkshire Hathaway. Under the terms of the contract Swiss Re will, on a 100% quota share basis, reinsure a closed block of yearly renewable term individual life reinsurance business, written prior to 2004, with Berkshire Hathaway Life Insurance Company of Nebraska.

Swiss Re is a leading and highly diversified global reinsurer. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.

The Debevoise team was led by corporate partner Nicholas F. Potter and tax partner Seth L. Rosen, and included associates Alexander R. Cochran and Sean P. Neenan.

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