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LONDON (Reuters) - Warren Buffett’s Berkshire Hathaway conglomerate is claiming up to $1 billion from reinsurer Swiss Re in a dispute over a life insurance deal they agreed to in 2010.

Berkshire Hathaway is “alleging damages of between $0.5 and $1 billion”, Swiss Re said on page 73 of the third-quarter earnings statement it issued on Nov. 8, adding the claim was without merit.

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