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
IAG says to make formal bid for Ryanair's Aer Lingus stake
International Airlines Group will issue a formal bid for Ryanair's near 30-percent stake in Aer Lingus within 28 days but will not increase the price offered, it said Wednesday.
May 27, 2015, 21:03 PM IST
Australian insurer IAG to raise stake in SBI General to 49%
Within days of Parliament clearing the Insurance Bill, Insurance Australia Group (IAG) has decided to increase its stake in SBI's general insurance arm from 26 percent to 49 percent.
Mar 26, 2015, 14:02 PM IST
