Does Berkshire Hathaway own TransRe?
Yes, Wesco Financial Corporation was acquired by Berkshire Hathaway in 2011. Before the acquisition, Berkshire Hathaway already owned approximately 80% of Wesco, and in June 2011, it purchased the remaining 20% to make Wesco a wholly owned subsidiary of Berkshire Hathaway. Wesco, which was famously managed by Charlie Munger for decades, provided insurance and reinsurance services and held various business interests including furniture rental and steel distribution. Following its full acquisition, its operations were integrated into Berkshire Hathaway's corporate structure, with many of its business units becoming part of other Berkshire subsidiaries such as National Indemnity and Berkshire Hathaway Homestate Companies.
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