Columbia Insurance Co., owned by Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A), is buying Hartford Life International Ltd. for $285 million.

Hartford Life is the variable annuity business of the Hartford, a Hartford, Conn.;-based insurance company that provides casualty insurance, group benefits and mutual funds. The company agreed to sell its retirement plan business to Massachusetts Mutual Life Insurance Co. for $400 million in September. 

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