Insurance Australia Group Limited (IAG) announced an update to its guidance for the financial year ending 30 June 2014 (FY14) following a review of expected performance in the first half of the year. IAG said it “has revised its FY14 …
Insurance Australia Group Ltd. agreed to buy Wesfarmers Ltd.’s insurance underwriting businesses in Australia and New Zealand for A$1.85 billion [US$1.653 billion] to become the largest insurer in Australia. Wesfarmers will record a pretax profit of as much as A$750 …
Insurance Australia Group Limited (IAG) has issued an update on its New Zealand business, and has outlined its strategy to maintain its position and deliver sustainable strong returns in that market. At a briefing in Sydney IAG Managing Director and …
Insurance Australia Group Limited has announced the sale of all its UK operations, following the strategic review process which it undertook in May 2012. IAG said it expects to carry out the sale in two separate transactions: “The Equity Red …
