NU Online News Service, Aug 2, 2004, 5:20 p.m. EDT
Occum Acquisition Corp., an investment group that includes Warren Buffett’s Berkshire Hathaway Inc., Omaha, has completed plans to acquire the life insurance operations of Safeco Corp., Seattle.[@@]
The deal includes Safeco Life Insurance Company and Safeco National Life Insurance Company.
In addition to Berkshire Hathaway, major Occum investors include White Mountains Insurance Group Ltd., Hamilton, Bermuda.