IAG has entered into five-year reinsurance agreements with Berkshire Hathaway and Canada Life, along with securing adverse development cover (ADC) for its long-tail risks from Enstar Group.
The first deal allows IAG to receive long-term natural peril volatility protection from Berkshire Hathaway and Canada Life, providing up to US$680 million of additional protection annually and up to US$2.8 billion over the entire five year period.
In conjunction with…
