IAG insurance australia group limited
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spp to fund wesfarmers insurance arm purchase

  1. kar18na
    1,181 Posts.
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    07/01/14
    20:03
    Post #: 12778546
    Are many going to participate in the SPP?

    I'm thinking about it.

    Does anyone have thoughts on the purchase of Wesfarmers Insurance division? Cost to IAG - approx $1.85B and will "increase GWP by around 18% based on 2013 results"

    http://www.businessspectator.com.au/news/2013/12/16/insurance/iag-buys-wesfarmers-insurance-arm

    It's quite a big purchase. I personally would have thought that they would buy up overseas especially in Asia.
    IAG Price at posting: $5.77 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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