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Report: Berkshire Hathaway among likely bidders for Zurich's asbestos book

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Report: Berkshire Hathaway among likely bidders for Zurich's asbestos book

Berkshire Hathaway Inc., Enstar Group Ltd., Catalina Holdings (Bermuda) Ltd. and Armour are among the likely bidders for Zurich Insurance Group AG's North American asbestos book with around $500 million of reserves, The Insurance Insider reported, citing "one source."

Zurich has engaged an adviser and is discussing the sale of the book with runoff players, according to the report.