Deal Struck Between Kemper, Berkshire
The Kemper Insurance Companies last week entered into a “comprehensive strategic relationship” with Berkshire Hathaway, involving investment and reinsurance transactions, the Long Grove, Ill.-based insurance group announced.
According to Kemper, Omaha, Neb.-based Berkshire will make a $125 million equity investment in Kempers commercial insurance operations through a newly-formed stock subsidiary. In addition, Berkshire will participate in several reinsurance agreements with Kemper.
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