Berkshire Hathaway has agreed to buy U.S. Investment Corp., an insurance holding firm based in Wayne, Pa. Terms of the agreement were not disclosed.
U.S. Investment, along with its three insurance firms, United States Liability Insurance Co., Mount Vernon Fire Insurance Co. and U.S. Underwriters Insurance Co., will become a wholly owned subsidiary of Berkshire.
U.S. Liability is a specialty underwriter dealing in commercial, professional and personal lines insurance.
Topics USA Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Business Interruption Claims Arising From the Middle East Conflict 
