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Berkshire Hathaway Drops $388M For Aussie Insurer Stake

By Jeff Zalesin (June 16, 2015, 2:33 PM EDT) -- Berkshire Hathaway Inc. has invested AU$500 million ($388 million) in Insurance Australia Group Ltd. and expanded its reinsurance relationship with the Australian insurer as Berkshire CEO Warren Buffett looks to boost the conglomerate's exposure to the region, IAG said on Tuesday....

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