Berkshire Hathaway buys into Torus
Berkshire Hathaway has joined with Torus's existing backers First Reserve and Corsair to inject an estimated $80mn-$100mn into the global specialty insurer, The Insurance Insider can reveal.
According to broking sources, Berkshire's investment represents one part of a strategic relationship between the two businesses.
It is understood that Berkshire Hathaway will take an additional share of Torus's reinsurance spend in areas including aviation and offshore energy as part of the deal.
Sources said that Berkshire may also be looking to...
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