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HomeInsuranceBerkshire Hathaway secures regulatory nod for Alleghany swoop

Berkshire Hathaway secures regulatory nod for Alleghany swoop


Berkshire Hathaway secures regulatory nod for Alleghany swoop

All regulatory approvals for Berkshire Hathaway Inc.’s buy of Alleghany Company have been granted. Now the conglomerate is simply ready for customary closing circumstances to be met.

In an announcement, the mother or father agency of world insurer BHSI (Berkshire Hathaway Specialty Insurance coverage) mentioned: “As beforehand introduced, the stockholders of Alleghany voted to approve and undertake the settlement and plan of merger, dated as of March 20, 2022, at a particular assembly held on June 9, 2022.

“The completion of the proposed transaction is at the moment anticipated to happen on October 19, 2022, topic to the satisfaction of customary closing circumstances.”

Alleghany’s property and casualty reinsurance and insurance coverage subsidiaries embrace Transatlantic Holdings, RSUI Group, and CapSpecialty.

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