Street Talk
IAG set to ramp up Asia expansion
Edited by Sarah Thompson, Anthony Macdonald and Jake Mitchell
Insurance Australia Group has long trumpeted the importance of tapping Asia's growth, and it may not be long before the $11.8 billion insurer makes another play in the region.
The company, which recently struck a deal with Warren Buffett in June, said it was resetting its China growth strategy after writing down $60 million of its investment in motor insurer, Bohai.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Jake Mitchell is a former Fairfax Media journalist.
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