Berkshire Hathaway acquires MLMIC Insurance Company

Berkshire Hathaway acquired MLMIC Insurance Company for Approximately $2.5 billion, a transaction completed in October 2018, structured as all cash.

MLMIC Insurance Company operates in Insurance, is based in New York. Berkshire acquired MLMIC Insurance Company, a New York-domiciled writer of medical professional liability insurance, for approximately $2.5 billion on October 1, 2018. At the acquisition date MLMIC held about $6.1 billion of assets, mostly investments.

Specialty underwriting franchise with substantial investable float.

On October 1, 2018, we acquired MLMIC Insurance Company, a writer of medical professional liability insurance domiciled in New York. The acquisition price was approximately $2.5 billion.Berkshire Hathaway FY2020 10-K, Business Acquisitions note

Advisory firms were not disclosed for this transaction.

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