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Berkshire Hathaway to bet on earthquake insurance in Japan

Asian unit would act as reinsurer to help stabilize premium fees

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Warren Buffett, chairman and CEO of Berkshire Hathaway   © Reuters

TOKYO -- An insurance company under Berkshire Hathaway of the U.S. is considering making a foray into Japan, betting on the potential of the country's earthquake insurance market.

Berkshire Hathaway Specialty Insurance plans to operate as a reinsurer, purchasing earthquake insurance contracts from casualty insurers in Japan, according to Marc Breuil, a BHSI executive in charge of Asia.

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