Friday, January 20, 2017

AIG, Berkshire Hathaway unit enter reinsurance pact

Jan 20 (Reuters) - American International Group Inc

said it would pay $9.8 billion to National Indemnity Co, a unit

of Berkshire Hathaway Inc, to cover most of AIG's U.S.

Commercial "long-tail exposures" for accidents that occurred in

2015 and prior.

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