Warren Buffett Doubles Down With Australian Insurance Stake

MELBOURNE, Australia—Billionaire financier Warren Buffett bolstered his gamble on Asia’s word marketplace by shopping a interest in one of Australia’s largest ubiquitous insurers, in a pierce that looks set to support a enlargement of his possess firm’s participation in a region.

Berkshire Hathaway Inc. will primarily buy 3.7% of Insurance Australia Group Ltd. for 500 million Australian dollars (US$388 million) as partial of a 10-year partnership, the…

About admin