Asbestos contract closure fills AIG, Berkshire coffers

Insurance Business AmericaAsbestos contract closure fills AIG, Berkshire coffersInsurance Business AmericaTransatlantic Reinsurance Co., a subsidiary of Alleghany Corp., will pay $400m to close down reinsurance deals with American International Group and Warren Buffett's Berkshire Hathaway for decades old policies that covered asbestos-related illness and …