Buffett's Berkshire Hathaway buys into Australian insurer IAG

Last Updated: Tuesday, June 16, 2015, 15:07

Under a 10-year strategic relationship, Berkshire will receive 20 percent of IAG's gross written premium and pay 20 percent of its claims. Berkshire will also take a 3.7 per cent stake in the group as the Australian firm pushes into Asia.

IAG says to make formal bid for Ryanair's Aer Lingus stake

Last Updated: Wednesday, May 27, 2015, 21:03

International Airlines Group will issue a formal bid for Ryanair's near 30-percent stake in Aer Lingus within 28 days but will not increase the price offered, it said Wednesday.

Australian insurer IAG to raise stake in SBI General to 49%

Last Updated: Thursday, March 26, 2015, 14:02

Within days of Parliament clearing the Insurance Bill, Insurance Australia Group (IAG) has decided to increase its stake in SBI's general insurance arm from 26 percent to 49 percent.

Australia's IAG to raise stake in JV with SBI

Last Updated: Thursday, March 26, 2015, 10:21

Insurance Australia Group Ltd will raise its stake to the maximum allowed 49 percent in a general insurance joint venture with State Bank of India.

IAG to increase presence in India as part of Asia strategy

Last Updated: Tuesday, July 10, 2012, 11:48

Insurance Australia Group is increasing presence in Asia including India in a bid to generate 10 percent of its business from the region within four years.