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There was also a scathing assessment of the lack of accountability at board level over years of underperformance, a slashed dividend and the disastrous foray into the British market. "We argue IAG needed to demonstrate [on Wednesday] why it was worth...
Tags: IAG, QBE, iag board, Mike Wilkins
The balancing act was needed because the old strategy and the man who devised it, Michael Hawker, were in place in April and May, when IAG fielded and rejected a scheme-of-arrangement merger proposal from a rival insurer, QBE. QBE's move was opportunistic,...
Tags: IAG, Michael Wilkins, Mike Wilkins, QBE Insurance Group Ltd, chief executive, Australia Group, final dividends, Insurance Australia GRP, efficiency program, uk operations