Insurance news from Berkshire Group includes GIC deal withdrawal

Insurance news Berkshire GIC deal

The two companies had previously come to an agreement, but the latter has failed to uphold its side. The Berkshire Group has made insurance news as it just revealed that it is pulling out of a deal that it had with General Insurance Corporation (GIC), a company from India, ending an agreement that was supposed to continue for a period of three years. However, GIC has paid the premiums for only two quarters, losing the reinsurance business at Berkshire. The three year contract made insurance news when GIC failed to…

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