HSBC deal to recommence?
Insurance Australia Group's bid to buy motor underwriting business HSBC Insurance (UK) is still on the table despite reports the deal has been scuppered, Insurance Age has learnt.
It is understood that IAG paid a six-figure sum in due diligence and was close to clinching the deal before discussions reached a standstill.
However, a source close to the issue has revealed that this was "hopefully just a hiccup" and that talks could resume.
Remaining tight-lipped, Neil Utley, IAG UK chief executive
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