Brookfield Explores Using Insurance Arm to Adopt Berkshire Model
Bruce Flatt during the Bloomberg Invest event in New York, on March 5.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Brookfield Asset Management Chief Executive Officer Bruce Flatt said its growing insurance business may ultimately own the rest of its operations in a move that emulates Berkshire Hathaway Inc.
“It would be just turned up this way, with the insurance business owning our asset management and our investment operations,” Flatt said Wednesday at the Bloomberg Invest conference in New York, adding that it’s “really what Berkshire Hathaway is.”