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  6. Berkshire Hathaway Acquires General Re

M&A Deal Summary

Berkshire Hathaway Acquires General Re

On December 21, 1998, Berkshire Hathaway acquired insurance company General Re for 22.0B USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 4th transaction in the Insurance sector.
  • This is Berkshire Hathaway’s 5th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 17th transaction in the United States.
  • This is Berkshire Hathaway’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 1998-12-21
Target General Re
Sector Insurance
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 22.0B USD

Target

General Re

Stamford, Connecticut, United States
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. We work closely with our clients to understand their strategic and operational goals, offering a wide range of products, tools and resources that aim to promote our clients’ ongoing growth and success.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1839
Sector Diversified
Employees392,400
Revenue 424.2B USD (2024)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway is a diversified holding company. Its subsidiaries engage in a wide range of business activities including insurance, utilities, renewable energy, freight rail transportation, finance, manufacturing, retailing, and business services. Berkshire Hathaway was founded in 1839 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 17 of 70
Sector: Insurance M&A 4 of 8
Type: Add-on Acquisition M&A Deals 14 of 47
State: Connecticut M&A 2 of 4
Country: United States M&A 17 of 65
Year: 1998 M&A 3 of 3
Size (of disclosed) 5 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-23 NetJets IP

Columbus, Ohio, United States

NetJets company provides total commitment to safety,Security and Reliability.From our strict maintenance and operational procedures to the advanced technology on our planes and our rigorous pilot-training program, we never compromise the safety of our Owners.

Buy $725M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-11 Jordan s Furniture

East Taunton, Massachusetts, United States

Jordan's Furniture is truly one of the most phenomenal and unique companies. One of the most unique aspects of Jordan's Furniture is the incorporation of "shoppertainment' within the stores.

Buy -
Mergr

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