$388M

Finweek English Edition - - IN BRIEF -

The amount (R4.8bn) bil­lion­aire in­vestor War­ren Buf­fett will pay for a 3.7% stake in In­sur­ance Aus­tralia Group (IAG) as he tar­gets the grow­ing Asian in­sur­ance mar­ket, The Guardian re­ported. In terms of the deal, Buf­fett’s Berk­shire Hath­away will re­ceive 20% of IAG’s gross writ­ten pre­mium and pay 20% of its claims for the next decade.

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