Buffett to Back Firm Seeking to Buy Insurers
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From Bloomberg News
Warren E. Buffett’s Berkshire Hathaway Inc. will buy 25% of a new company seeking to acquire as many as six Lloyd’s of London insurers that will increase business for his reinsurance subsidiaries.
Berkshire, based in Omaha, plans to invest about $58 million in Capital Insurance Holdings, which expects to raise an additional $174 million by selling shares to investors, Capital said in a prospectus.
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