Insurance Australia Group Limited announced that it has completed the purchase of the UK auto underwriter and broker Equity Insurance Group (See IJ web site Dec. 6), as of Jan. 8, 2007.
IAG noted that the total consideration was, as originally announced, A$1.397 billion (£570 million – US$1.12 billion). The acquisition has received the approval from Lloyds and the UK Financial Services Authority (FSA).
Neil Utley, Equity’s CEO, has joined IAG’s executive team, as of Jan. 8.
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Arising From the Middle East Conflict 
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
