Berkshire Hathaway acquires Alleghany insurance company breaking investment fast

Insurance Company Acquisitions - Berkshire acquires Alleghany
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The purchase agreement was struck shortly after Warren Buffett discussed the lack of investing opportunities. Berkshire Hathaway Inc. has arrived at a purchase agreement for the Alleghany Corp insurance company, only a handful of weeks after Warren Buffett had said that there weren’t any good investment opportunities. The purchase includes Alleghany insurer as well as the Transatlantic Holdings reinsurer. This acquisition of the reinsurance and insurance company will broaden Berkshire Hathaway’s portfolio in this category, which already includes the Geico auto insurer and the General Re reinsurer, in addition to…

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