Berkshire Hathaway secures regulatory green light for Alleghany swoop



Berkshire Hathaway secures regulatory green light for Alleghany swoop

All regulatory approvals for Berkshire Hathaway Inc.’s purchase of Alleghany Corporation have been granted. Now the conglomerate is just waiting for customary closing conditions to be met.

In a statement, the parent firm of global insurer BHSI (Berkshire Hathaway Specialty Insurance) said: “As previously announced, the stockholders of Alleghany voted to approve and adopt the agreement and plan of merger, dated as of March 20, 2022, at a special meeting held on June 9, 2022.

“The completion of the proposed transaction is currently expected to occur on October 19, 2022, subject to the satisfaction of customary closing conditions.”

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



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