Australian giant insurer to be created as rumours rise again
Australian Financial Review has reported that QBE is about to launch a takeover of Insurance Australia Group (IAG) sparking a share price rise, Bloomberg reports.
Shares in IAG, Australia’s largest insurer of cars and houses, climbed 3.6%. QBE shares rose 1.8%.
Both companies refused to comment on the rumour. In May 2008, QBE withdrew an A$8.7bn offer for IAG.
Strategic sense
“A takeover of IAG would make strategic sense,” said Chris Weston, an institutional dealer at IG Markets in Melbourne. “We know QBE has an aggressive policy of growing the business through acquisitions and we have seen an offer before.”
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
