Market Chatter: IAG Eyeing Bid for Western Australian Insurer

MT Newswires Live

Feb 06, 2025

Insurance Australia Group (ASX:IAG) is among the potential bidders for the insurance arm of the Royal Automobile Club of Western Australia, Bloomberg News reported Wednesday, citing unnamed people familiar with the matter.

The club, which offers a wide range of insurance products, has enlisted investment bank Barrenjoey to conduct a strategic review process, per the report.

The move comes as IAG seeks to expand its scale, following recent acquisitions of insurance businesses in other Australian states, the report added.

IAG did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509254517","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509254517","pubTimestamp":1738791293,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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