According to Reuters, Berkshire Hathaway unit, Life General Re is interested in buying Tong Yang Life Insurance. This is the latest in the unfolding story of Vogo Funds sale of its 60.7 percent stake in the Korean insurer, worth about 937 billion won.
The Reuters article cites a Money Today report saying that General Re has already signed a confidentiality agreement with Tong Yang.
Korea Life, Prudential, Manulife, and Woori Financial Holdings have also been named as potential buyers.
This comes on the heels of Vogo Fund’s recent sale of bidet manufacturer Novita to Kohler.
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