IAG's half year profits fall 19.5% as provisions for 2011 Christchurch earthquake rise
Australian giant IAG is still counting the cost of the 2011 Christchurch earthquake and announced a 19.5% fall in profits for the first half of the 2015/16 financial year.
IAG managing director and CEO Peter Harmer announced a reinsurance transaction with Berkshire Hathaway to help with its continued exposure and asbestos liabilities from the devastating earthquake. The
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