IAG

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Insurance Australia Group Limited is engaged in underwriting of general insurance and related corporate services and investing activities. Revenue is derived from the underwriting of Australian personal, Australian commercial and international insurance businesses. The Australian personal insurance business develops and underwrites personal insurance products and manages claims and assessing services. The Australian commercial insurance business develops and underwrites insurance for businesses. International insurance comprises all direct insurance business underwritten outside Australia through foreign subsidiaries in New Zealand and Thailand and an associate in Malaysia, and the operations of the captive reinsurer. On March 10, 2006, it acquired a 30% stake in AmAssurance Berhad. In June 2006, it acquired Lloyd's managing agency and specialist Asian syndicate. The business will operate as Alba Group Pte Limited. On January 8, 2007, the Company acquired Equity Insurance Group.


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