Warren Buffett table
NEW YORK: Warren Buffett's (pic) Berkshire Hathaway Inc on Monday struck an agreement to buy insurance company Alleghany Corp for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities.
Alleghany, the owner of reinsurer Transatlantic Holdings Inc would expand Berkshire's large portfolio of insurers, which includes auto insurer Geico, reinsurer General Re BRKGC.UL and a unit that insures against major catastrophes and unusual risks.
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