Australasian insurer IAG has retreated from a major strategic investment in China in the face of investor opposition, undermining the main rationale for its 10-year alliance with reinsurance powerhouse Berkshire Hathaway.
Australasian insurer IAG has retreated from a major strategic investment in China in the face of investor opposition, undermining the main rationale for its 10-year alliance with reinsurance powerhouse Berkshire Hathaway.