Kansas Bankers Surety was acquired by Wesco Financial Corporation in 1996.[1]Berkshire Hathaway had owned 80% of Wesco since the 1970s, and in 2010 it announced its intention to acquire the remainder and become 100% owner of Wesco.[2] Kansas Bankers Surety became part of the Berkshire Hathaway Homestate Companies on December 31, 2013.[3] As part of a 2015 rebranding, the company began referring to itself as simply KBS.[4]
In 2016, KBS announced that it would be exiting the bank insurance market and discontinuing all insurance products.[citation needed][5]