insurance australia group
Transactions by INSURANCE AUSTRALIA GROUP (IAUGF) in the last 6 months
Insurance Australia Group Limited (ASX:IAG) agreed to acquire Local Personal and SME Business Lines of Berkshire Hathaway Inc. (NYSE:BRK.A) on June 16, 2015. In return, Berkshire Hathaway will acquire the renewal rights to IAG’s large-corporate property and liability insurance business in Australia. King & Wood Mallesons acted as the legal advisor for Insurance Australia Group.
Insurance Australia Group Limited (ASX:IAG) announced that it has entered into a strategic relationship agreement with new investor Berkshire Hathaway Specialty Insurance for the private placement of 89,766,607 shares at a price of AUD 5.57 per share for gross proceeds of AUD 500,000,000.99 on June 16, 2015. Pursuant to the transaction, the investor acquired a stake of 3.7% in the company's issued and outstanding share capital. The company has an option to place up to ...
Insurance Australia Group Limited (ASX:IAG) acquired Pt. Asuransi Parolamas from family on May 22, 2015.
Insurance Australia Group Limited (ASX:IAG) agreed to acquire additional 23% stake in SBI General Insurance Company from State Bank of India (BSE:500112) on March 25, 2015. On closing Insurance Australia Group's stake in SBI General Insurance will increase from 26% to 49% and State Bank of India's stake will decrease from 765 to 51%. The executive Committee of Central Board has decided to initiate necessary action for the stake sale.
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