Since the beginning of this year Hathaway has acquired Business Wire and is in the process of acquiring Russell Corporation and a 80% stake in Iscar Metalworking Companies.
This new acquisition will add to Berkshire Hathaway’s already impressive list of insurance company subsidiaries:
- Central States Indemnity Co. of Omaha - Credit Card Credit Insurance Programs for Credit Card Issuers.
- GEICO Auto Insurance
- General RE Corporation – a holding company for global reinsurance and related operations.
- Medical Protective – professional liability insurer
- National Indemnity – property & casualty insurer
- United States Liability Insurance Group – underwriters of low premium, low hazard specialty insurance products.
- Wesco Financial Corporation – reinsurance & insurance for Midwestern banks
Buffet seems to desire dabbling in every type of insurance available in the marketplace. His previous acquisitions have proved worthwhile and there is no indication Applied Underwriters is any different.
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