Howard Hughes acquires Vantage to boost returns and cash flow. Vantage will continue to improve underwriting profitability. See more on HHH stock here.

Bill Ackman has taken a decisive step in his effort to remake Howard Hughes Holdings from a Texas real estate developer into what he has described as a “modern-day Berkshire Hathaway ”, agreeing to buy the Bermuda-based property and casualty insurer Vantage Risk in a $2.1bn deal.

Vantage Group Holdings Ltd. ("Vantage"), a privately held leading specialty insurance and reinsurance company backed by Carlyle and Hellman & Friedman today announced that it has entered into a definitive agreement for Howard Hughes Holdings Inc.

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Howard Hughes Holdings (NYSE:HHH) develops and manages retail, office, and residential properties, with institutional engagement shaping operations within the NYSE Composite.