Buffett buys insurer Alleghany for $11.6 billion

Warren Buffett is splashing out over $11 billion on US-listed property and casualty insurer Alleghany Corporation.

Buffett's firm Berkshire Hathaway is paying $848.02 per in cash for Alleghany and follows a period in which the billionaire old timer has complained about the lack of acquisition opportunities.

Anyway, I have pasted the core details of the press release below:..