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Market ripe for consolidation, IAG says

Source: The Age
Sydney : Australia | about 1 year ago  
Views: 1
IAG also said on Tuesday that it is on track to deliver on its full-year guidance and that IAG chairman James Strong would be standing down from the post within three years. The country's biggest insurer of homes and cars said it still expects to increase its gross written premium by up to two per cent this...
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  • News Source: The Age | about 1 year ago
    Mr Strong, who has overseen IAG's rise to record profits, then last year's ignominious $261 million net loss, announced yesterday that he would step down during his last stint as a director and quit the board — almost certainly before his retirement...
  • News Source: The Age | about 1 year ago
    IAG also said on Tuesday that it is on track to deliver on its full-year guidance and that IAG chairman James Strong would be standing down from the post within three years. The country's biggest insurer of homes and cars said it still expects to...
  • News Source: Australian Broadcasting Corporation | about 1 year ago
    Chairman James Strong says the takeover proposal, worth almost $9 billion, undervalued IAG. QBE withdrew the takeover proposal in May after IAG's board rejected the approach. Mr Strong says the company is open to another approach from QBE but says...
  • News Source: Sydney Morning Herald | about 1 year ago
    Mr Strong, whose period in office has seen IAG enjoy the benefits of listing on the Australian Stock Exchange, and over the past 3 years a successive fall in profits caused by huge storm claims and the economic downturn, told shareholders today that...
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