IAG today announced it had agreed to purchase the insurance underwriting businesses of Wesfarmers Limited for $1.845 billion, strengthening its position in its home markets of Australia and New Zealand. The acquisition comprises Wesfarmers underwriting companies trading under the WFI and Lumley Insurance brands, as well as a ten-year distribution agreement with Coles.
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Be your self; there's no body better qualified ! "I came into this world with nothing , I still have most of it"
They're not the only ones. Suncorp now own AAMI, Apia, Just Car Insurance, Shannons, InsureMyRide, Vero, Terri Scheer, Bingle, CIL, Asteron and Tyndall insurance brands in Australia, plus more in NZ.
Competition? It's an illusion
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Cheers, Marianna.
The more I learn about people, the more I like my dogs (Mark Twain)
They're not the only ones. Suncorp now own AAMI, Apia, Just Car Insurance, Shannons, InsureMyRide, Vero, Terri Scheer, Bingle, CIL, Asteron and Tyndall insurance brands in Australia, plus more in NZ.
Competition? It's an illusion
You missed GIO, AMP and Promina plus their underwritings of the RACQ and RAA motor club insurances in that Suncorp list.
