Warren Buffett is raging: This is the insurance company he bought for $ 11 billion

This deal will mark Berkshire’s biggest acquisition in six years, with the previous big deal being when Buffett acquired industry company Precision Castparts for $ 37 billion, including debt. Through its subsidiaries, Elegant from New York is involved in a number of different insurance businesses, including wholesale expertise, property and claims and reinsurance.
“Berkshire will be the perfect permanent home for Elgani, a company I have watched closely for 60 years,” Buffett, chairman and CEO of Berkshire, said in a statement.