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Insurance Australia to buy UK firms for A$350mn New Ratings
LONDON, September 29 (newratings.com) – Insurance Australia Group Ltd (ticker: NRM) Friday announced that it has purchased UK-based motor insurance company Hastings Insurance Services Ltd and car insurer Advantage Insurance Co for A$350 million ($261 million).
UPDATE 1-Australia's IAG expands into UK motor insurance Reuters Finance News, Australia via Yahoo!7 Finance
MELBOURNE, Sept 29 (Reuters) - Insurance Australia Group Ltd. IAG.AX agreed to buy Britain's fifth largest car insurance broker Hastings Insurance Services Ltd. and Advantage Insurance Co. for A$350 million ($261 million) in its first move into Europe.
Broker sold in £140m deal Peterborough Today
THE UK's fifth largest car insurance broker Hastings Insurance Services has been snapped up by an Australian firm in a deal worth £140 million. (02/10/2006 13:51:18)
IAG's Europe push kicks off with $350m UK deal Sydney Morning Herald
AUSTRALIA'S largest home and motor insurer, Insurance Australia Group, has secured its first foothold in Europe by paying $350 million for UK broker Hastings and underwriter Advantage.
UK: Hastings acquired by Australian firm Sunday Business Post
The UK’s fifth largest car insurance broker Hastings Insurance Services was today snapped up by an Australian firm in a deal worth £140m (€206m).
The Investment Column: Resilient Northern Rock is not easy to knock Independent
Our view: Take profits
Check your cover before you jet off Daily Telegraph
Riding a jet ski is so simple, it's easy to forget they can be lethal. So take lessons and make sure you're insured, says Simon Brooke.
Motorists in the UK warned over invalid insurance Sunday Business Post
The financial services industry watchdog in the UK issued a warning today about a company selling invalid motor insurance policies.
UK: Can you dig it? Building business gets specialist glazing on board Aviva
Notes to editors About RAC With around seven million members, RAC is one of the UK's most progressive motoring organizations, providing services for both private and business motorists.
Reuters Canada Business Summary The Globe and Mail
TORONTO (Reuters) - Third-quarter profit at AGF Management Ltd. jumped 70 percent, boosted by a tax credit as well as strong results in its investment management segment, the company said on Thursday.
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