Insurance Australia Group

Insurance Australia Group (IAG) has effectively hung out the ‘for sale’ sign on its poor performing UK business. The company announcement said IAG’s options for the UK division include ‘a continuing focus on improving the business’ performance … refining the business’ strategy to a more focused specialist motor offering, and exploring options for a potential sale of all or part of the business’. In reality, chief executive Mike Wilkins would love to offload the entire UK business and reinvest the proceeds in faster growing markets across Asia, as recently discussed in IAG: Little reassurance on 16 May 12 (Hold...

Insurance Australia Group (IAG) has effectively hung out the ‘for sale’ sign on its poor performing UK business. The company announcement said IAG’s options for the UK division include ‘a continuing focus on improving the business’ performance … refining the business’ strategy to a more focused specialist motor offering, and exploring options for a potential sale of all or part of the business’.

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