AIG To Pay Berkshire Hathaway $9.8B In Insurance Transfer Deal
Byline: Sonali Basak, Katherine Chiglinsky. –American International Group Inc. agreed to pay $9.8 billion to Warren Buffett’s Berkshire Hathaway Inc. to take on long-term risks from commercial policies written in prior years. The reinsurance deal transfers liabilities on certain U.S. policies from 2015 and earlier, representing reserves of about $34…
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