Insurance Post

Suncorp raises concerns over IAG's Lumley acquisition

gary-dransfield-ceo-vero

Australian financial group Suncorp which owns general insurer Vero in New Zealand has serious concerns about IAG's potential acquisition of Lumley in the country.

In a speech to brokers, Gary Dransfield, CEO Vero New Zealand, pictured, said: "Vero and the Suncorp Group have concerns about the IAG bid for Lumley in New Zealand. When IAG acquired AMI [another

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