IAG UK on lookout for SME brokers at the right price

Neil Utley

Insurance Australia Group (IAG) UK has spoken of its intention to buy a 'hub' of small to medium-sized enterprise (SME) brokers.

Neil Utley, chief executive of IAG, said the insurer was actively looking for "sensibly priced" acquisitions.

However, he remained tight-lipped about reports it was on the verge of snapping up HSBC Insurance (UK) before the bank put its motor insurance business into run-off.

Referring to IAG UK's acquisition of broker Barnett & Barnett in early 2008, Mr Utley said: "I

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