Berkshire Hathaway Completes Acquisition of Applied Underwriters

Berkshire Hathaway said it has completed its acquisition of Applied Underwriters, an integrated workers’ compensation service firm — and all of its subsidiaries including its North American Casualty insurance companies.

“As anticipated, our new relationship with Berkshire Hathaway is generating positive market-place responses and exciting growth opportunities for our businesses, our managers and employees, and our independent agent network,” maintained Applied Underwriters’ Chairman and Chief Executive Officer, Sidney R. Ferenc.

Applied Underwriters provides workers’ compensation and business services for small and medium-sized enterprises. Applied’s products include SolutionOne and EquityComp. Founded in 1994 by Sidney R. Ferenc and Steven Menzies, it is headquartered in Foster City, California and has it main operations center in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse businesses including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

Source: Berkshire Hathaway

Topics Mergers & Acquisitions Underwriting