Ajit Jayne and AIG's $10.2 Billion Transfer to Berkshire Hathaway

The deal that Jay knows but might be unfamiliar to many people is that AIG transferred to us the liability for 80% of 25 billion excess of 25 billion. And we got paid $10.2 billion for that and we had and this applies to their losses in many classes of business written or earned before December 31st 2015. So Ajit Jayne who has made a lot more money for Berkshire than I have for you than I have but he evaluates that sort of transaction. We talk about it a fair amount ourselves I just find it interesting.