IAG insurance australia group limited

News: IAG expanding Asian footprint

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    Insurance Australia Group Limited (ASX:IAG) has outlined its aggressive expansion strategy into Asia. The insurance company expects to have $720 million invested in five Asian counties this year.



    IAG says it is now shifting from a market entry focus to one of driving operation performance from its enlarged regional presence.



    The insurer’s Asian businesses are expected to generate a return of more than 15 per cent by 2017.



    IAG posted a net profit of $167 million in the first half of its 2012 financial year.


 
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