Warren Buffett's Berkshire Hathaway to Buy Insurer Alleghany for $11.6 Billion
by Dan Burrows
Mar 21, 2022
2 minutes
Warren Buffett put some of Berkshire Hathaway's (BRK.B, $342.41) massive cash pile to work on Monday, striking a deal to acquire insurer Alleghany (Y, $676.75) for $11.6 billion.
The purchase adds to Berkshire's already sprawling core of insurance operations, which include Geico, General Re and National Indemnity Company.
- SEE MORE The 22
You’re reading a preview, subscribe to read more.
Start your free 30 days