Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018
AIG mulls Australian M&A: report
- 11 January 2018
AIG is said to be looking closely at insurance assets of Commonwealth Bank of Australia (CBA), following CEO Brian Duperreault's pledge in May to pursue growth.
According to a report in The Australian Financial Review, AIG is interested in acquiring CBA's general insurance business.
It comes a day after Bloomberg suggested AIG had held abortive talks to buy Voya Financial in the US for a potential $10bn.
CBA's personal lines insurance unit is reported to have annual premiums of A$783mn...
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