IAG insurance australia group limited
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Warren Buffets only Australian share, page-2

  1. hilly_sandman
    1,596 Posts.
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    11/02/22
    12:24
    Post #: 59508683
    It isn't. Berkshire own about 3.7% of IAG after a A$500M placement in 2015.

    The strategic relationship was announced in 2015, Berkshire had been a re-insurer for IAG for quiet some time. The strategic relationship was a whole of account quota share on 20% of the IAG insurance for a period of 10yrs (until 2025). It was a cash injection for AIG, however Berkshire have that 20% quota share for 10yrs. Berkshire could have increased stake to 14.9% under the terms, from the T20 I have no idea who is the Berkshire nominee is, but it's one of the top 4... Maybe others on here have followed IAG closer and can comment, I cannot don't know the ins and outs of IAG well at all.

    https://hotcopper.com.au/data/attachments/4077/4077000-79979645633de2199b626817b6ddf4e2.jpg

    IAG Price at posting: $4.69 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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$8.78 		Change
0.020(0.23%) 		Mkt cap ! $20.76B
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