IAG Group
In the aftermath of the Queensland disaster, the head of Insurance Australia Group (ASX:IAG) proposed more aggressive safety measures so that all concerned are treated fairly. Chief Executive Mike Wilkins enumerated safety measures in the wake of allegations of neglect from policy holders, during a lunch meeting yesterday at the Committee for Economic Development of Australia.
IAG Group (IAG) has had their rating retained at Hold, Medium risk with their share price target lifted by 10 cents to $5.50 by stock analysts Citigroup Investment Research (CIR). IAG is to acquire Hastings Insurance Services Limited, the UK’s 5th largest insurance broker and Advantage Insurance Company, a direct personal lines insurer, specialising in motor insurance in the UK. "IAG claims that the acquisition will be accretive after 18 months and possibly earlier. On top of this there may be scope for diversification benefits.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
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- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
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- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
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- Newcrest Mining Limited (NCM)
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- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
