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28 June 2024Insurance

IAG inks major deals with Berkshire, Canada Life & Enstar to cut risks, stabilise earnings

Australian insurer IAG has struck a strategic five-year deal with Berkshire Hathaway and Canada Life Reinsurance to gain long-term reinsurance protection against natural perils volatility, as well as secured adverse development protection for its A$2.5 billion long-tail reserves from Enstar.

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