IAG strategic review could be a prelude to sell-off of UK business
Is the Australian insurer looking to unlock capital tied up in its UK operations?
The news that Insurance Australia Group (IAG) is to undertake a strategic review of its UK business has led to much speculation that a sale of part, or all, of the insurer’s UK operations could soon be on the cards.
The pieces of the business that could potentially be put on the market include motor insurer Equity Red Star and brokers Barnett & Barnett and NBJ UK. Earlier in May in a separate development, Equity sold its 51% stake in Insurance Dialogue, a specialist broker for the over 50’s
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