Buffett's Berkshire Hathaway buys into Australian insurer IAG
Under a 10-year strategic relationship, Berkshire will receive 20 percent of IAG's gross written premium and pay 20 percent of its claims. Berkshire will also take a 3.7 per cent stake in the group as the Australian firm pushes into Asia.
Jun 16, 2015, 15:07 PM IST