21亿美元收购保险公司，Ackman复刻“伯克希尔哈撒韦”

Group 1 - Activist investor Bill Ackman is attempting to create a "new version of Berkshire Hathaway" through the acquisition of Vantage Risk for $2.1 billion [1] - The acquisition marks a milestone for Howard Hughes in its transformation into a diversified holding company, with funding coming from cash and up to $1 billion in equity investment from Ackman's hedge fund, Pershing Square [1][2] - This move signifies Ackman's critical step in emulating Warren Buffett's investment model, utilizing insurance float as a low-cost source of capital for a diversified investment portfolio [1] Group 2 - The strategy of leveraging cheap insurance capital for investments is gaining popularity, with private equity giants like Apollo Global and KKR acquiring life insurance affiliates since 2020 to fund investments with premium income [2] - Activist investor Daniel Loeb has also successfully pushed for a transformation of his London-listed company into a reinsurance business, focusing on the U.S. fixed annuity market [2] - Vantage Risk, the target of Ackman's acquisition, specializes in property and casualty insurance, focusing on underwriting litigation, political violence, and cyber risks, differentiating its business model from that of Apollo and KKR [2]