Reinsurance agreement between AIG and Berkshire Hathaway
The American International Group (AIG) would be willing to transfer some of its long-term risks to Berkshire Hathaway. The 10.2-billion transaction would be concluded no later than June 30, 2017.
National Indemnity, a subsidiary of Berkshire, will assume 80% of the net losses linked to these risks. With a 20 billion USD limit, coverage wil be provided only after the first 25 billion USD of losses.
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Tue, 24/01/2017 - 10:53
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