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.

Read More

IAG Profit Slips, Challenges Ahead

Insurer, IAG has revealed modest expectations for 2016-17 with anticipated small gains for its home and car insurance offerings expected to be held back by rising costs in the NSW compulsory third party sector and a difficult commercial insurance market (both of which proved a headache for rival QBE).

Read More