Berkshire’s Aussie Exposure

Warren Buffett had better hope that Insurance Australia Group, the country’s biggest general insurer (or property and casualty in US parlance) runs a tight underwriting and insurance book ship, maintains standards and doesn’t not veer off into a mad price war. Upwards of 40% of one of Buffett’s key reinsurance companies is now flowing each year from a deal with IAG that helps underpin the financial viability of both companies.

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