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
