How does this impact the industry? Warren Buffett is buying Alleghany in a deal valued at almost $12 billion. What are your thoughts?
5 replies (most recent on top)
I think it may be an opportunity for us to find other work!
No impact on us.
Yep, @khl nails it
It means that Warren has no interest in Allstate. Some think Warren and Professor Rick find us attractive targets that would give them exclusive agent entry and homeowner products. If Allstate sold at the same 25% premium, it would cost either $45 Billion. It's unlikely either take us out, so we'll remain adrift and continue to bolt on small players for transformative growth.
Who? What?