AIG strikes $34bn legacy deal with Berkshire Hathaway's NICO
AIG has agreed a $34bn (£27bn) legacy deal with National Indemnity Company, a subsidiary of Berkshire Hathaway.
The largest in P&C history, the deal will see NICO is take on 80% of the net losses and net loss adjustment expenses on the reserves in excess of the first $25bn (£20bn) for the 2015 accident year and
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