Insurance Australia Group will review UK business
Thursday, May 17, 2012/
Insurance Australia Group will review its business in Britain, the company announced this morning.
The business owns Equity Red Star insurance in Britain, the fifth largest motor insurer in the country, along with commercial insurance group Barnett & Barnett.
Chief executive Mike Wilkins said it was a good time to review the company’s business in the region.
“Given the progress towards that goal in the opening half of the current financial year, we believe the time is right to consider our longer term plans for the business, and the best way to maximise shareholder value,” he said, according to AAP.
The result of such a review could include a sale or a retooling of the business strategy.
This article first appeared on SmartCompany.
Social media mishaps: Why businesses should think twice before cracking jokes online Catriona Pollard CP Communications founder
An ‘opportunity-hunting’ generation: Here's what millennial workers need and want Karen Gately Corporate Dojo founder
Spilling the beans: Why inviting someone to 'grab a coffee' is disingenuous and unnecessary Sue Parker DARE Group founder
Why success is simple, motivational speakers suck and Eye of The Tiger is dead to me Ian Whitworth Scene Change co-founder
How Emily McWaters manages her Sydney-based business from Kangaroo Island Emily McWaters The Hamper Emporium chief
Why 'Orwellian' performance monitoring is crucial to building an ethical company culture Michael Kodari Kodari Securities chief