Insurance Australia Group (IAG)
£20m Lloyds TSB cash injection for Hastings
Personal lines specialist Hastings Direct has become the latest broker to receive third-party capital after agreeing to a £20m cash injection from Lloyds TSB Corporate Markets.
IAG pumps $365m into UK reserves after claims deterioration
IAG has ploughed $365m (£207m) into its UK claims reserves following a “significant deterioration” in UK claims experience.
Perseverance places KGM up for sale
Lloyd's motor insurer KGM has become the latest in its sector to be put up for sale.
IAG profits tumble in first half results
Profit at IAG's UK operation fell A$53m (£32m) to A$22m in the second half of 2009, compared to a year earlier.
IAG UK profit cut on back of reserve strengthening
The UK business recorded a $24m insurance profit on A$406m of gross written premium for the six months ended 31 December 2009.
IAG linked with Provident as GMAC quits UK motor
GMAC has confirmed it is to sell motor insurer Provident after a comprehensive review of its insurance operations, Post has learnt.
Post Pick of the week
The major news this week: IAG linked with Provident; CHO rises from the ashes; Merlin hit by major loss; NIG director quits; Questgates in Teceris deal
IAG bullish despite Equity's margins being squeezed in the UK
Australian insurance giant expects to report a half year insurance profit of $488m (1H09: $227m), representing an improved insurance margin of 13.4% (1H09: 6.2%).
Equity Direct Broking appoints new MD
Former sales director given promotion
IAG rises as QBE again linked with bid
Rumours of Australian giant merger will not go away.
IAG attracts new CFO from Highway
Former Equity finance director Andrew Gibson joins insurer