IAG insurance australia group limited
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News: IAG Insurance Australia to sell Thai, Indonesia units to Tokio Marine for $389.7 mln

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    19/06/18
    08:55
    Post #: 33785997

    June 19 (Reuters) - Insurance Australia Group (IAG) said on Tuesday it would sell its Thai and Indonesian operations to Japanese insurer Tokio Marine Holdings 8766.T for A$525 million (43.08 billion yen)($389.71 million).

    The Japanese company's unit, Tokio Marine & Nichido Fire Insurance, will buy IAG's 98.6 percent stake in Thailand's Safety Insurance and 80 percent of PT Asuransi Parolamas in Indonesia. ($1 = 1.3472 Australian dollars) (1 Japanese yen = 0.0122 Australian dollar)

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