IAG likely to sell Asian businesses

Insurance Australia Group Ltd. is conducting a strategic review of its Asia divisions and is likely to sell its businesses in the region due to "limited" expansion opportunities, Brisbane Times reported. TS Lim, analyst at Australia-based consultancy firm Bell Potter Securities Ltd., said that IAG would look to sell its Asian businesses in Thailand, Vietnam, Indonesia, Malaysia and India, which collectively account for 3% of the insurer's gross written premiums.

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