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Insurance Australia Group Limited (ASX:IAG) has confirmed the sale of its specialist UK broking arm Independent Commercial Brokers (ICB) for approximately $15 million.
ICB has been sold to its existing management team after being part of IAG since 2010.
IAG says it expects a total net loss of approximately $240 million from the sale of its UK operations, as announced on Friday.
IAG last week sold its UK based Equity Red Star business to a privately owned New York based firm for $133 million.
Insurance Australia Group reported a net profit of $265 million in the 2012 financial year.
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Last
$8.60 |
Change
-0.070(0.81%) |
Mkt cap ! $20.30B | |||
| Open | High | Low | Value | Volume |
| $8.65 | $8.69 | $8.56 | $5.640M | 656.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 58 | 21486 | $8.59 |
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| Price($) | Vol. | No. |
|---|---|---|
| $8.60 | 3988 | 19 |
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| Last trade - 14.33pm 16/09/2025 (20 minute delay) ? |
| IAG (ASX) Chart |