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Berkshire Hathaway Buys Insurance Unit
NEW YORK Insurer ING Group said Friday it will sell its reinsurance unit, NRG N.V., to Warren Buffett’s Berkshire Hathaway Group for about $435.7 million. The acquisition could be part of a plan by Buffett to launch a new company to insure municipal

Buffett to Buy ING’s Reinsurance Unit
Warren Buffett’s Berkshire Hathaway agreed Friday to buy NRG, the reinsurance unit of Dutch bank ING, for 300 million euros ($435.2 million) in a deal that could mark the beginning of a trend of banks selling off non-core businesses in order to raise

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This entry was posted on Friday, December 28th, 2007 at 4:13 pm and is filed under Car Insurance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.


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