Berkshire Hathaway acquires Alleghany Corporation

Berkshire Hathaway acquired Alleghany Corporation for Approximately $11.5 billion, a transaction completed in October 2022, structured as all cash.

Alleghany Corporation operates in Insurance / reinsurance, is based in New York, New York. Berkshire acquired New York-based Alleghany Corporation, whose operating subsidiaries include property-and-casualty reinsurance and insurance businesses (led by TransRe) plus a portfolio of non-financial companies, for approximately $11.5 billion. Alleghany held about $19.7 billion of cash and investments at the acquisition date.

Established reinsurance franchise with substantial investable float.

On October 19, 2022, we acquired Alleghany Corporation for $11.5 billion, which held cash and investments of $19.7 billion as of the acquisition date.Berkshire Hathaway FY2022 10-K, Business Acquisitions note

Advisory firms were not disclosed for this transaction.

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