Warren Buffet Eyes Romanian Insurance Market

American group Berkshire Hathaway, owned by billionaire Warren Buffet, has expressed interest in entering the Romanian insurance market and has already been in contact with the Financial Supervision Authority (ASF), according to Ziarul Financiar sources.

Berkshire Hathaway could sell insurance locally based on the right to free movement offered by the European Union, through a branch in Ireland which was founded in 2017. The Ireland subsidiary, called Berkshire Hathaway Specialty Insurance Company, is specialized in selling property, liability and health insurance to corporate clients.

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