Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four executives from American International Group (AIG).
“I think you will see us become a very significant factor world-wide in the commercial- insurance business. It could be a business that reaches into the billions,” Buffett said at his annual meeting for shareholders in Omaha on Saturday. He said Berkshire now has “the right people” and it’s “got capital like no one else has.”
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